'We’re seeing a clear divide': Many business leaders admit they only have a 'limited understanding' of AI budgets
- Productivity and AI-induced cost reductions are actually dropping
- Most businesses plan to continue spending on AI regardless
- Only 35% have full visibility into costs, reporting lower ROI
Despite ongoing deployment, many organizations are apparently still struggling to achieve ROI from AI, with new KPMG data revealing growing accountability, governance and workforce pressures.
The report found productivity gains actually fell from 42% to 35%, with decision making speed also dropping from 41% to 36%. Even costs were challenged, with cost reductions slightly falling from 31% to 29%.
But planned AI spending data indicates a near-identical value compared with the quarter before, implying companies could be investing blindly without detailed strategies spelling out where they would get the most returns.
AI ROI is still a challenge, years later
Backing that optimism, four in five (79%) say AI would remain a top investment priority even if a recession occurred, with a similar number...
Copyright of this story solely belongs to techradar.com. To see the full text click HERE
