FINAL WORD experiment with AI in a secure environment that protects data privacy . Only then will companies realize their goals of adopting and scaling AI across the organization .”
The doubling down on data and AI investment is among key findings that include :
• Executives expect AI adoption to be transformative in the short term . A majority – 81 %– of survey respondents expect AI to boost efficiency in their industry by at least 25 % in the next two years . Onethird say the gain will be at least 50 %.
• Democratization of AI raises the stakes for governance . As business units clamor to use generative AI , executives seek governance frameworks that can provide data accuracy and integrity as well as data privacy and security . Sixty percent of respondents say a single governance model for data and AI is “ very important .”
• As generative AI spreads , flexible approaches are favored . Eighty-eight percent of surveyed organizations are using generative AI with 26 % investing in and adopting it and another 62 % experimenting with it . The majority ( 58 %) are taking a hybrid approach to developing these capabilities , using vendors ’ large language models ( LLMs ) for some use cases and building their own models when IP ownership , privacy , security and accuracy requirements are tighter .
We are at an inflection point with AI adoption and CIOs are doubling down on their investments to ensure they have the right technology and talent in place .
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