The conversation around AI today mirrors past tech trends like dot-com boom discussions, resulting in numerous unmonitored projects that challenge cost containment.
Gartner predicts that by next year, 35% of companies will appoint a chief AI officer, highlighting the increasing dedication of resources towards AI investment.
A Boston Consulting Group report anticipates spending on GenAI will increase by 60% over the next three years, making up over 7.5% of IT budgets.
Shadow IT and app proliferation lead to operational issues as spending is opaque, leaving organizations unaware if software is effective, necessary, or underutilized.
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