Artificial Intelligence (AI) in the Nordics

Author: Birute | #BRG

According to the 2022 Nordic State of AI report, artificial intelligence (AI) is transitioning from the phase of startup hype to a phase of implementations. While investments in the Nordics have increased, the lack of talent and data challenges scaling the use of AI. Still, the report stresses that the Nordics have already entered a more advanced stage in the implementation of AI. It has been observed that the knowledge gap between large enterprises utilizing AI and industry newcomers has been widening. AI has also been increasingly integrated into Nordic products and services. 73% of Nordic companies have admitted that this was their main use case for AI. 90% of Nordic companies also claim that AI is either highly important or important to them. About 75% of Nordic companies are going to adopt new AI solutions within a year.