Generative AI will drive a foundational shift for companies — IDC

Estimated read time 2 min read

Over the next two years, generative artificial intelligence (genAI) will force organizations to address a myriad of fast-evolving issues, from data security to tech review boards, new services, and — most importantly — upskilling employees.

By 2027, AI will represent 29% of organizational spend, according to IDC President  Crawford Del Prete, who spoke Thursday at the IDC Directions conference in Boston.

This year alone, the average enterprise will spend $28 million dollars on genAI initiatives, based on data from a February IDC survey. In all, organizations will spend $150 billion on genAI tech initiatives by 2027, with a total economic impact of  $11 trillion, according to IDC.

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​ Over the next two years, generative artificial intelligence (genAI) will force organizations to address a myriad of fast-evolving issues, from data security to tech review boards, new services, and — most importantly — upskilling employees.By 2027, AI will represent 29% of organizational spend, according to IDC President  Crawford Del Prete, who spoke Thursday at the IDC Directions conference in Boston.This year alone, the average enterprise will spend $28 million dollars on genAI initiatives, based on data from a February IDC survey. In all, organizations will spend $150 billion on genAI tech initiatives by 2027, with a total economic impact of  $11 trillion, according to IDC.To read this article in full, please click here   Read More Computerworld 

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