Semiconductor Industry Leads in Artificial Intelligence Adoption, Accenture Report Finds
August 21 2019 - 11:15AM
Business Wire
Four in five semiconductor executives currently
using and piloting AI within their business – the highest among 20
industries surveyed
The semiconductor industry is the most bullish
about adopting artificial intelligence (AI) and understanding the
significant impact it will have on their industry, according to
Accenture Semiconductor Technology Vision 2019, the annual report
from Accenture (NYSE: ACN) that predicts key technology trends
likely to redefine business over the next three years.
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Three-quarters of semiconductor executives surveyed for the
report (77%) said they have adopted AI within their business or are
piloting the technology. In addition, nearly two-thirds of
semiconductor executives (63%) expect that AI will have the
greatest impact on their business over the next three years,
compared with just 41% of executives across 20 industries. This
ranks AI higher for chipmakers than other new disruptive
technologies surveyed, including distributed ledgers, extended reality
and quantum computing.
AI, comprising technologies that range from machine learning to
natural language processing, enables machines to sense, comprehend,
act and learn in order to extend human capabilities. According to
the report, AI will have a two-fold impact on chipmakers: opening
new market opportunities for them and improving the design and
fabrication process.
“AI will be a major growth driver for the semiconductor industry
in light of high manufacturing costs and the growing complexity of
chip development,” said Syed Alam, a managing director at Accenture
who leads its Semiconductor practice globally. “To capture this
opportunity, chipmakers should leverage AI technologies and
partnerships to increase efficiency across their operations.”
A 5G Revolution
Nearly nine in 10 semiconductor executives (88%) say that 5G,
the next generation of wireless technology, will revolutionize
their industry by offering new ways to provide products and
services. This revolutionary impact is being driven by the high
demand for 5G-enabled smartphones, growth in autonomous vehicle
manufacturing, and the rise in government initiatives for building
smart cities.
The report also cites challenges that 5G network implementations
pose for the semiconductor industry, including the high costs for
technology and infrastructure advancements and the concerns around
privacy and security.
Workforce reskilling
The report finds that companies must support a new way of
working for their employees. Three in five semiconductor executives
(37%) expect to move more than 40% of their workforce into new
roles in the next three years, which will require substantial
reskilling.
“Technology advancements such as AI, 5G and IoT will force
semiconductor companies to fundamentally reimagine the skilling of
their workforces,” said Dave Sovie, senior managing director and
global High Tech industry lead. “To do that, they will need to
empower and skill their workforce to conceive, make, distribute and
support the next generation of products in the marketplace.”
About the Methodology
The Accenture Semiconductor Technology Vision 2019 report is
derived from the Accenture Technology Vision 2019, which is developed annually by the Accenture
Labs and Accenture Research. The research process included
gathering input from the Technology Vision External Advisory Board,
a group comprising more than two dozen experienced individuals from
the public and private sectors, academia, venture capital firms and
entrepreneurial companies. In addition, the Technology Vision team
conducted interviews with technology luminaries and industry
experts, as well as with nearly 100 Accenture business leaders. In
parallel, Accenture Research conducted a global online survey of
6,672 business and IT executives to capture insights into the
adoption of emerging technologies. The survey helped identify the
key issues and priorities for technology adoption and investment.
Respondents were C-level executives and directors at companies
across 27 countries and 20 industries, with the majority having
annual revenues greater than US$6 billion. The Semiconductor
Technology Vision 2019 report is based on survey responses from 52
semiconductor executives.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 482,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
Copyright © 2019 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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Melissa Curtis Accenture +1 617 480 8590
melissa.curtis@accenture.com
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