The productivity implications of generative AI are huge, prompting McKinsey to assert that the technology could add trillions of dollars in value to the global economy.
According to 49% of respondents to a Gartner survey, estimating and realizing business value is the number-one barrier to generative AI adoption.
Surveys report that a mere 15% of respondents have a line of sight into earning improvements from generative AI initiatives, or that 48% of organizations do not expect to see a transformation from generative AI for one to three years.
The belief that AI will revolutionize industries is largely clouded by skepticism around its immediate financial benefits, making organizations hesitant to fully invest.
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