According to a new survey conducted by Gartner, only 13 percent of companies are seeing real business value from their investments in artificial intelligence. The survey, which involved 2,002 CIOs, highlights a significant gap between expectations and actual outcomes in AI deployment.
While many companies are optimistic about the potential of AI, 51 percent anticipate that their operating costs will increase as a result of these technologies. Despite these concerns, 75 percent of CEOs plan to continue increasing their technology budgets, indicating a strong belief in the long-term benefits of AI, even as immediate returns remain elusive.
This disconnect between strategic conviction and measurable results suggests that organizations may need to reassess their AI strategies to ensure they align more closely with achievable business objectives.
Compiled automatically by the Tech AI Newsdesk from public AI-news sources and summarised in our own words.
Frequently asked questions
What percentage of companies are seeing real business value from AI?
According to the survey, only 13 percent of companies are seeing real business value from their investments in artificial intelligence.
What do most CEOs plan regarding technology budgets?
Despite concerns about AI, 75 percent of CEOs plan to continue increasing their technology budgets.
