Companies are making serious money with AI — from by Thomas Davenport and Randy Bean


Just a few years later, things are beginning to change. In the 2022 survey of senior data and technology executives by NewVantage Partners (where Randy Bean is CEO and cofounder, and Tom Davenport is a fellow), 92% of large companies reported that they are achieving returns on their data and AI investments. That’s up markedly from 48% in 2017. The same percentage (92%) said that they are increasing investments in data and AI, equaling last year’s percentage.