Concerns about Gen AI’s ROI
The findings come despite a previous report from Gartner that executives are getting impatient to see a ROI on Gen AI investments, as organisations struggle to justify their substantial investment in the emerging technology.
As a result, at least 30% of generative AI projects are expected to be abandoned by the end of 2025 due to the financial burden in developing and deploying them.
Aaron McEwan, Vice President of Research & Advisory at Gartner, previously urged organisations to avoid pulling back on Gen AI investments.
“There’s no doubt that over the long term, this technology is going to potentially deliver on these exciting promises. The difference is that it’s just going to take a little longer than maybe people first thought,” he previously told HRD.
“So, my advice to HR leaders would not be to pull back on your investments, but to rather think very carefully about the best ways that this technology can be applied.”
Source: mpamag.com