A Third Of All Generative AI Projects Will Be Abandoned, Says Gartner
ZDNet, Tuesday, September 3rd, 2024
The high upfront cost of deployment is one of the challenges that can doom generative AI projects.
Companies are "struggling" to find value in the generative artificial intelligence (Gen AI) projects they have undertaken and one-third of initiatives will end up getting abandoned, according to a recent report by analyst Gartner.
"After last year's hype, executives are impatient to see returns on Gen AI investments, yet organizations are struggling to prove and realize value. As the scope of initiatives widen, the financial burden of developing and deploying Gen AI models is increasingly felt," stated Gartner's distinguished analyst Rita Sallam in a press release summarizing the research findings.