Artificial Intelligence (AI) has become enterprise-critical in a breakneck pace from a science fiction concept. But in the midst of global hype, an inconvenient reality is surfacing - the AI race to adopt has accelerated ahead of preparation to do so responsibly and effectively. In every sector, companies are discovering that going fast is not enough to create an impact. What actually propels AI success is not speed, but how intentionally an organization integrates intelligence into its business fabric.
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THE HYPE AROUND AI: WHAT'S UNDERNEATH
By 2024, global spending on AI exceeded $200 billion, with IDC putting the figure at one-third spent on generative AI solutions, automation software, and analytics tools. However, the World Economic Forum estimated that nearly 60% of AI initiatives at a large scale never move beyond pilots.
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