Nearly one in three genAI projects will be scrapped
Briefly

After last year's hype, executives are impatient to see returns on genAI investments, yet organizations are struggling to prove and realize value. As the scope of initiatives widen, the financial burden of developing and deploying genAI models is increasingly felt. - Rita Sallam, Gartner
By 2028, more than half the enterprises that have built LLMs from scratch will abandon them due to costs, complexity, and technical debt in their deployments. - Gartner
Across industries, genAI tools show revenue increase, cost savings, and productivity improvement. Variations occur based on use cases, job types, and worker skill levels. - Gartner
Read at Computerworld
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