About a year has passed since generative AI burst into the mainstream, helping send enterprise AI growth into overdrive. According to a recent IDC report, annual spending on AI—including generative AI—will go from $175.9 billion in 2023 to $509.1 billion in 2027, a compound annual growth rate (CAGR) of 30.4%.
Enterprises are investing heavily in their AI strategies, both because they see the opportunity and because they don’t want to fall behind their competitors. However, as they accelerate their AI adoption, many enterprises also recognize they must be careful to ensure their AI strategy is sustainable and responsible.
Another growing area…
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- Artificial Intelligence (AI)
- Global Business
- Private AI