{"id":33741,"date":"2023-10-28T03:00:00","date_gmt":"2023-10-28T10:00:00","guid":{"rendered":"https:\/\/insidebigdata.com\/?p=33741"},"modified":"2023-10-25T15:56:51","modified_gmt":"2023-10-25T22:56:51","slug":"infosys-generative-ai-radar-report","status":"publish","type":"post","link":"https:\/\/insidebigdata.com\/2023\/10\/28\/infosys-generative-ai-radar-report\/","title":{"rendered":"Infosys Generative AI Radar Report"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"200\" height=\"200\" src=\"https:\/\/insidebigdata.com\/wp-content\/uploads\/2016\/04\/Infosys_logo.png\" alt=\"\" class=\"wp-image-14945\" srcset=\"https:\/\/insidebigdata.com\/wp-content\/uploads\/2016\/04\/Infosys_logo.png 200w, https:\/\/insidebigdata.com\/wp-content\/uploads\/2016\/04\/Infosys_logo-150x150.png 150w, https:\/\/insidebigdata.com\/wp-content\/uploads\/2016\/04\/Infosys_logo-110x110.png 110w, https:\/\/insidebigdata.com\/wp-content\/uploads\/2016\/04\/Infosys_logo-50x50.png 50w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/figure><\/div>\n\n\n<p>Our friends over at <a href=\"https:\/\/www.infosys.com\/iki.html\" target=\"_blank\" rel=\"noreferrer noopener\">Infosys Knowledge Institute<\/a> released its <a href=\"https:\/\/tl.infosys.com\/story\/generative-ai-radar-2023-north-america\/page\/1\" target=\"_blank\" rel=\"noreferrer noopener\">Generative AI Radar report<\/a> providing insight into over 1,000 U.S. and Canadian businesses on the current state of generative (gen) AI implementation and early indications of its ability to deliver value.\u00a0<\/p>\n\n\n\n<p>The study shows that organizations are serious about gen AI as reflected in their investments; however, many face a difficult year ahead with numerous obstacles on the horizon: the next stage of the AI-hype cycle, data &amp; privacy challenges, and ethical concerns. The study found that companies with more than $10 billion in revenue are more likely to adopt gen AI. Despite heavy regulation, adoption levels are highest among healthcare, life sciences, and financial service industries.\u00a0<\/p>\n\n\n\n<p><strong>Key findings include:\u00a0<\/strong><\/p>\n\n\n\n<ul>\n<li>US and Canadian firms will <strong>invest $5.6 billion in generative AI projects in the next 12 months<\/strong>, up 67% from $3.3B.\u00a0<\/li>\n\n\n\n<li>73% of companies with over $10 billion in revenue<strong> have implemented generative AI solutions<\/strong>, compared to less than 38% of smaller companies.\u00a0<\/li>\n\n\n\n<li>Only 13% of companies identify<strong> content creation and creativity<\/strong> as generative AI\u2019s most impactful area.\u00a0<\/li>\n\n\n\n<li>88% of companies expect <strong>revenue<\/strong> <strong>to be positively impacted by generative AI.<\/strong>\u00a0<\/li>\n\n\n\n<li>26% of companies cite\u00a0<strong>data privacy and security as their primary challenge<\/strong>, while\u00a023% list data\u00a0usability\u00a0as their main challenge.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>See the full report <a href=\"https:\/\/tl.infosys.com\/story\/generative-ai-radar-2023-north-america\/page\/1\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/p>\n\n\n\n<p><em>Sign up for the free insideBIGDATA&nbsp;<a href=\"http:\/\/inside-bigdata.com\/newsletter\/\" target=\"_blank\" rel=\"noreferrer noopener\">newsletter<\/a>.<\/em><\/p>\n\n\n\n<p><em>Join us on Twitter:&nbsp;<a href=\"https:\/\/twitter.com\/InsideBigData1\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/InsideBigData1<\/a><\/em><\/p>\n\n\n\n<p><em>Join us on LinkedIn:&nbsp;<a href=\"https:\/\/www.linkedin.com\/company\/insidebigdata\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.linkedin.com\/company\/insidebigdata\/<\/a><\/em><\/p>\n\n\n\n<p><em>Join us on Facebook:&nbsp;<a href=\"https:\/\/www.facebook.com\/insideBIGDATANOW\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/insideBIGDATANOW<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our friends over at Infosys Knowledge Institute released its Generative AI Radar report providing insight into over 1,000 U.S. and Canadian businesses on the current state of generative (gen) AI implementation and early indications of its ability to deliver value.\u00a0<\/p>\n","protected":false},"author":10513,"featured_media":32763,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[526,180,67,268,56,84,1],"tags":[437,1245,1397,96],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - 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Sreekanth also says CIOs should answer the following 11 questions before committing to generative AI. 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In fact, a new research study, \"Generative AI: Redefining the Economics of Software Development,\" from our friends at SoftServe shows\u00a0Open AI\u2019s Generative AI can\u2026","rel":"","context":"In &quot;AI Deep Learning&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/insidebigdata.com\/wp-content\/uploads\/2023\/08\/Generative_AI_shutterstock_2273007347_special.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":33193,"url":"https:\/\/insidebigdata.com\/2023\/08\/27\/upwork-unveils-top-10-generative-ai-related-searches-and-hires-in-first-half-of-2023\/","url_meta":{"origin":33741,"position":4},"title":"Upwork Unveils Top 10 Generative AI-Related Searches and Hires in First Half of 2023","date":"August 27, 2023","format":false,"excerpt":"Upwork Inc. 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The Generative AI in the Enterprise report explores how companies use generative AI, the bottlenecks holding back adoption,\u2026","rel":"","context":"In &quot;AI Deep Learning&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/insidebigdata.com\/wp-content\/uploads\/2023\/06\/GenerativeAI_shutterstock_2284999159_special.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/posts\/33741"}],"collection":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/users\/10513"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/comments?post=33741"}],"version-history":[{"count":0,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/posts\/33741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/media\/32763"}],"wp:attachment":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/media?parent=33741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/categories?post=33741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/tags?post=33741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}