Europe Accelerates in AI Race But a Growing Divide Threatens Progress
European companies improved AI readiness faster over the past six months, although North American firms remain ahead overall
Europe’s largest companies are showing early signs of narrowing the AI readiness gap with North America, but a growing divide between large and smaller firms risks holding the region back, according to the inaugural Accenture AI Progress Barometer.
AI readiness refers to the essential capabilities that organizations need to maximize the value they derive from AI such as having quality data that is easily accessible, a skilled workforce, and appropriate processes in place.
Accenture’s (NYSE:ACN) AI Progress Barometer tracks how the AI readiness of approximately 3,000 of the world’s largest companies evolves over time, benchmarking each company against peers across industries and regions. Companies are scored on a scale from 0 to 100, where 100 represents the highest level of AI readiness among the companies assessed.
