United States

Delays, Implementation Issues, and Unrealized Benefits Challenge Generative AI Initiatives in 2024

Only 1 in 4 companies have successfully launched AI initiatives in the past 12 months according to second annual generative AI survey commissioned by Lucidworks

  • Only 63% of global companies plan to increase AI spending in the next 12 months, compared to 93% in 2023
  • Despite delays, the tech sector leads with the most deployed initiatives across all industries and half have already realized financial benefits
  • Qualitative applications — generating FAQs or providing HR support — have been the most successful to date with roughly a quarter of planned initiatives already implemented
  • Concerns about generative AI implementation costs increased by 14x in 2024

SAN FRANCISCO, June 11, 2024 (GLOBE NEWSWIRE) — here and learn more about Lucidworks at Lucidworks.com.

About Lucidworks

Lucidworks clients are more than 2.5x more likely to successfully deploy generative AI initiatives than their peers. The world’s largest brands including Crate & Barrel, Lenovo, and Red Hat rely on Lucidworks’ suite of products to power commerce, customer service, and workplace applications that delight customers and empower employees. Contact us today to build your AI success strategy.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/70e4f2a7-800d-4978-9f5d-30c0f02edb4d

CONTACT: Press Contact:
Lauren Gill
Escalate PR
[email protected]

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.

Back to top button