"More than a third of our survey respondents do not have a clear vision for how generative AI will be implemented across their organizations," write the authors of the report, Tully, Redfern, and Xiao, indicating a significant gap in strategy amidst the surge in investments.
"We’re still in the early stages of a large-scale transformation" regarding generative AI, underlining that while investment is booming, companies are still grappling with how to effectively deploy the technology.
The report indicates a wave of optimism around AI, noting, "72% of decision-makers anticipate broader adoption of generative AI tools in the near future," despite ongoing uncertainties.
The total enterprise spending on "foundation models, model training + deployment, AI-specific data infrastructure, and new generative AI applications" reached $13.8 billion in 2024, reflecting unprecedented growth.
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