Organizations must develop their software capabilities to remain competitive, as nearly 70% of top performers leverage proprietary software, with one-third monetizing it directly.
Gen AI has the potential to significantly increase productivity; developers have seen improvements of 30-40%, while product managers saw a 40% boost in productivity.
Despite the promise of gen AI, only 13% of organizations are systematically using it in software engineering, indicating a wide gap in potential.
The gen AI landscape is expected to stabilize within two to three years, but companies need to invest in talent and adapt their practices to fully leverage its capabilities.
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