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Generative AI gold rush drives IT spending β€” with payoff in question

CIO

Interest in AI, building since last year, will push a 10% increase in data center system spending this year, driving worldwide IT spending to $5.06 There were very robust stories about how great generative AI was going to be.” What does AI give me? growth in 2023. drop in 2023. trillion and $1.49

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10 most in-demand generative AI skills

CIO

If any technology has captured the collective imagination in 2023, it’s generative AI β€” and businesses are beginning to ramp up hiring for what in some cases are very nascent gen AI skills, turning at times to contract workers to fill gaps, pursue pilots, and round out in-house AI project teams.

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3 key digital transformation priorities for 2024

CIO

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

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Generative AI in the Real World: Chip Huyen on Finding Business Use Cases for Generative AI

O'Reilly Media - Ideas

O’Reilly’s Generative AI in the Enterprise survey reported that people have trouble coming up with appropriate enterprise use cases for AI. The full version of this podcast episode is on the O’Reilly Learning platform. Learn from their experience to help put AI to work in your enterprise.

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Survey: GenAI Is Making Companies More Data Oriented

Harvard Business Review

Although cultural change generally requires human intervention, it appears that new technology β€” especially a new technology like generative AI that captures human imaginations β€” can play a role in catalyzing a data-oriented culture.

Survey 108
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The CIO’s 2024 AI playbook

CIO

The AI hype cycle has peaked: Tens of thousands of companies helped get it there with generative AI in 2023, with two-thirds now reporting they have deployed GAI tools to their workforce. Especially in IT organizationsβ€”where budgets came under more scrutiny in 2023β€”CIOs need to show they’re not using AI for AI’s sake.

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Software vendors offer AI sales boost for retail at NRF show

CIO

Sales statistics Two recent surveys concur that only a tiny minority of retailers have no plans to implement AI today. One, conducted by Salesforce, found fewer than 3% of commerce organizations have no AI plans, while 29% have already fully implemented it into their workflows.

Retail 241