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Enterprises willing to spend up to $250 million on gen AI, but ROI remains elusive

CIO Business Intelligence

A sharp rise in enterprise investments in generative AI is poised to reshape business operations, with 68% of companies planning to invest between $50 million and $250 million over the next year, according to KPMGs latest AI Quarterly Pulse Survey. However, only 12% have deployed such tools to date.

ROI 81
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CIOs face mounting pressure as AI costs and complexities threaten enterprise value

CIO Business Intelligence

In a survey of 451 senior technology executives conducted by Gartner in mid-2024, a striking 57% of CIOs reported being tasked with leading AI strategies. While some of the surveyed employees in the US, the UK, Australia, India, and China reported saving an average of 3.6

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3 ways to avoid the generative AI ROI doom loop

CIO Business Intelligence

By Bryan Kirschner, Vice President, Strategy at DataStax From the Wall Street Journal to the World Economic Forum , it seems like everyone is talking about the urgency of demonstrating ROI from generative AI (genAI). At least as it was reported, it comes across sounding like a flip dismissal of what genAI might have to offer.

ROI 72
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10 AI strategy questions every CIO must answer

CIO Business Intelligence

The 2024 Enterprise AI Readiness Radar report from Infosys , a digital services and consulting firm, found that only 2% of companies were fully prepared to implement AI at scale and that, despite the hype , AI is three to five years away from becoming a reality for most firms. What ROI will AI deliver?

Strategy 141
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Enterprise ABM Marketing Tools: A Marketers Guide

Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.

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Get The Most Out Of Smart Business Intelligence Reporting

datapine

Big data plays a crucial role in online data analysis , business information, and intelligent reporting. That’s where business intelligence reporting comes into play – and, indeed, is proving pivotal in empowering organizations to collect data effectively and transform insight into action. What Is BI Reporting?

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Companies to shift AI goals in 2025 — with setbacks inevitable, Forrester predicts

CIO Business Intelligence

Jayesh Chaurasia, analyst, and Sudha Maheshwari, VP and research director, wrote in a blog post that businesses were drawn to AI implementations via the allure of quick wins and immediate ROI, but that led many to overlook the need for a comprehensive, long-term business strategy and effective data management practices.

ROI 127