CIO study reveals ROI as biggest barrier to AI adoption, despite tripled spending. 42% of global firms plan to adopt Generative AI, but 37% of management is skeptical. AI is expected to impact budget significantly, while proving value remains challenging. Data quality and skilled partnerships are crucial for successful integration.
75% of businesses are not seeing ROI from AI due to various challenges, including lack of proper implementation strategy, outdated executive knowledge, and siloed operations. A recent study by Boston Consulting Group revealed that only 25% of companies are reaping benefits. Factors for failure include insufficient business case, resistance to changing workflows, and inaccurate metrics for success. Meanwhile, a new Chinese AI firm, DeepSeek, is raising concerns in the U.S. tech landscape, highlighting competitive and national security issues, and prompting calls for improved AI practices in the U.S.
https://www.forbes.com/sites/cio/2025/01/30/why-75-of-businesses-arent-seeing-roi-from-ai-yet/
