Cylance Global Research Report Finds 64 Percent of IT Decision Makers Expect ROI from Artificial Intelligence within Two Years
Press Release

Cylance Global Research Report Finds 64 Percent of IT Decision Makers Expect ROI from Artificial Intelligence within Two Years

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Cynthia Siemens

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Cylance Inc.

+1-949-242-9221

media@cylance.com

Seventy-seven percent of IT decision makers say they have prevented more breaches as a result of AI-powered tools; 81 percent see AI detect threats before their security teams

IRVINE, CALIFORNIA, October 3, 2017 - Cylance® Inc., the company that revolutionized the antivirus industry with AI-powered prevention that blocks everyday malware along with today’s most advanced cyberthreats, has announced the results of its inaugural report, Artificial Intelligence in the Enterprise: The AI Race is On. The survey, which polled 652 IT decision makers in the U.S., UK, Germany and France, found that optimism about the value of artificial intelligence (AI)-powered solutions in the enterprise is high and plans to continue investment in the technology are widespread.

The report outlines how AI is already making a significant impact in the enterprise, analyzing trends in security, operational efficiency, marketing, employee perceptions, and other areas. Key findings include:

  • Organizations are already investing in AI, and this will only increase: Nearly all of the IT decision makers surveyed said they are either currently spending on AI-powered solutions or planning to invest in them in the next two years; 60 percent already have AI in place. Additionally, 79 percent say AI is a top priority for their boards and C-suite executives.
  • For security teams, AI is moving the needle: Seventy-seven percent have prevented more breaches following their use of AI-powered tools and 81 percent say AI was detecting threats before their security teams could. Furthermore, 74 percent say they won’t be able to cope with the cybersecurity skills gap if they don’t adopt AI.
  • AI is seen as a competitive advantage: Eighty-seven percent of IT decision makers see AI-powered technology as a competitive advantage for their IT departments and 83 percent are specifically investing in AI to beat competitors.
  • AI is living up to its promises: Eighty-six percent say that the AI that they have used has lived up to its promises. Sixty-four percent of IT decision makers expect to see ROI from their investments in AI in fewer than 2 years.
  • AI opportunities abound: Ninety-three percent say it will create new job opportunities, with 80 percent saying AI will lead them to hire new workers and retrain existing employees.

"Executives who were first to make the leap of faith in AI have been the first to begin experiencing the rewards, particularly in the prevention of cyberattacks. Over the next year, I only expect to see this trend accelerate," said Daniel Doimo, President and Chief Operating Officer at Cylance Inc. "Cylance will continue to advance AI for cybersecurity with our technology, now in its third generation and continually learning."

To download the Artificial Intelligence Trends in the Enterprise report, please visit this link.
To download the Generations of Machine Learning in Cybersecurity white paper, please visit this link.

About Cylance® Inc.

Cylance is the first company to apply artificial intelligence, algorithmic science and machine learning to cybersecurity to prevent the most advanced security threats in the world. Using a breakthrough predictive analysis process, CylancePROTECT quickly and accurately identifies what is benign and what is a threat, and prevents malicious code from ever executing on a targeted system. By coupling advanced machine learning and artificial intelligence with a unique understanding of an attacker’s mentality, Cylance provides technology and services that are truly predictive and preventive against the most advanced threats. For more information visit: www.cylance.com

Cylance and CylancePROTECT are registered trademarks or trademarks owned by Cylance Inc. in the United States and other jurisdictions and may not be used without prior written permission. All other trademarks are the property of their respective owners.