Best Of 2024: Generative AI Consuming Larger Percentage Of ITBudgets
TechStrong.ai, Thursday, December 26th, 2024
A survey of 224 senior-level IT leaders in the U.S. and Europe, that work for organizations with at least 1,000 employees and at least $100 million in annual revenue, published this week finds the percentage of IT budgets allocated to generative artificial intelligence (AI) projects will triple by 2025.
Conducted by the research firm ISG on behalf of Glean, a provider of an enterprise search platform infused with AI, the survey finds generative AI projects consumed an average of 1.5% of IT budgets in 2023, and are expected to rise to 2.7% in 2024, and 4.3% in 2025. Among organizations with more than $5 billion in revenue, more than a quarter (26%) said they plan to invest more than 10% of their IT budget in generative AI in 2025.