What ChatGPT And Generative AI Mean For Your Business?

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Are enterprises ready for generative AI, or any type of AI?

Perceptions of AI are certainly positive in the business world. 94% say that AI is critical to success over the next five years and 89% are seeing the benefits of their AI solutions. At 48% of organizations, “AI is in production, or already part of the business DNA” .

But challenges abound. Just 37% of AI models make it into production and 46% of all AI projects fail to reach their goals. Deloitte found 29% increase from the year before in the number of respondents self-identifying as “underachievers,” and the top challenges associated with scaling were managing AI-related risk , lack of executive commitment , lack of maintenance and post launch support .

 

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