Forbes December 18, 2024
New data shows enterprise AI adoption has jumped to 72%, up from 50% in previous years, according to McKinsey’s 2024 Global Survey on AI but as companies rush to implement generative AI, they’re hitting significant roadblocks.
Most companies can set up generative AI systems in 1-4 months, and analysts expect that by 2025, AI will automate half of all digital work through an estimated 750 million AI-powered applications. But real-world results tell a different story.
Gartner predicts 30% of generative AI projects will fail after initial testing by the end of 2025. “After last year’s hype, executives are impatient to see returns on GenAI investments, yet organizations are struggling to prove and realize value,” says Rita Sallam, Distinguished VP Analyst...
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