Artificial intelligence will be commonplace in business within a decade say a third of companies.

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Approximately one in three companies (32 per cent) believe business use of artificial intelligence will be commonplace within the next decade, new research from TomTom Telematics has revealed.

The study found that 22 per cent believe virtual reality will be in common usage, while around one in five anticipate the prevalence of in-vehicle working due to the development of autonomous vehicles.

However, almost a third (32 per cent) fear they may struggle to keep pace with the rate of technological change. Furthermore, one in two (49 per cent) believe those that fail to embrace digitalised processes and the Internet of Things are at greater risk of going out--of business.

"Complacency can sound the death knell for businesses," said Beverley Wise, director UK & Ireland at TomTom Telematics.

"Companies should be mindful of the pace of change and keep a close eye on the solutions and processes that will help ensure a competitive future--from smart mobility and connected tech to advanced manufacturing and design systems. Many of today's new emerging technologies will disrupt and revolutionise commerce, and in the...

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