Cognizant has released a companion analysis to its comprehensive 2023 study with Oxford Economics, and the new report - titled "New Work, New World: Quantifying Global Gen AI Momentum" - outlines cautious optimism is driving current market adoption of generative AI across various industries and geographies. Key findings…
The market for artificial intelligence (AI) platforms software grew at a rapid pace in 2023 and is projected to maintain its remarkable momentum, driven by the increasing adoption of AI across many industries. A new International Data Corporation (IDC) forecast shows that worldwide revenue for AI platforms software will…
At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc. Speaking at the Gartner Data & Analytics Summit in Sydney this week, Rita Sallam,…
Despite the GenAI Hype, Plateau of Productivity is Reachable Within Two Years Generative AI (GenAI) for procurement is at the Peak of Inflated Expectations, according to Gartner, Inc.’s 2024 Hype Cycle for Procurement and Sourcing Solutions. Rapid adoption and a multitude of credible use cases will quickly move GenAI to…
Organizations are rapidly embracing generative AI, spurred by an uptick in investment and the value of this transformative technology. It has permeated across sectors and various functions within organizations, driving a shift in operations and business models. That’s according to the Capgemini Research Institute’s latest…
New research from Accenture finds that organizations with an advanced digital core, investments in strategic innovation and a balanced approach to their technical debt achieved 60% higher revenue growth rate and 40% higher profits. “Continuous reinvention is now the default strategy because of the pace of change.…
More than three-quarters of executives have seen significant or moderate progress towards their sustainability goals in the past year, according to Deloitte's 2024 "Sustainability Action Report." The survey of 300 senior business leaders across industries details their approach to and integration of environmental, social,…
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After more than a year of hype around generative AI's potential, business leaders report that they are already seeing a return on their artificial intelligence (AI) investments and plan to increasingly become more bullish, according to new data from Ernst & Young. Among the 95% of senior leaders who report that their…
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