Just 3% Beat Productivity-Based Cost Targets as AI Spending Plans Grow

Only 3% of organizations surpassed their cost-savings goals through productivity improvements alone. That metric does not assess other ways companies may benefit from artificial intelligence (AI), so the figure is not a measure of AI’s overall value. CV Viverito, a senior director analyst in Gartner’s HR practice, said, “Thirty-eight percent of companies are over budget on AI and 85% report they are planning to spend even more next year.” Those figures make spending plans a separate part of the picture from the savings measure, but do not show how much organizations will actually spend.

Source: TokenPost