VentureBeat November 14, 2024
In the race to harness the transformative power of generative AI, companies are betting big – but are they flying blind? As billions pour into gen AI initiatives, a stark reality emerges: enthusiasm outpaces understanding. A recent KPMG survey reveals a staggering 78% of C-suite leaders are confident in gen AI’s ROI. However, confidence alone is hardly an investment thesis. Most companies are still struggling with what gen AI can even do, much less being able to quantify it.
“There’s a profound disconnect between gen AI’s potential and our ability to measure it,” warns Matt Wallace, CTO of Kamiwaza, a startup building generative AI platforms for enterprises. “We’re seeing companies achieve incredible results, but struggling to quantify them. It’s...
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