Half of Corporate GenAI Deployments are Missing the Mark So Far

Presidio, a leading technology services and digital solutions provider, has released its 2024 AI Readiness Report, which surveyed over 1,000 CIOs, CTOs, and IT decision-makers across industries to identify AI challenges, risks, and barriers to success

• 80% of companies have already adopted Generative AI (GenAI), but 50% of them admit to launching GenAI initiatives before they were thoroughly prepared to do so, highlighting a significant readiness gap

• According to the report, 96% of IT leaders believe that AI investment is a top priority and offers a competitive advantage, while 71% identify it as their company's biggest area of investment

• However, 90% of CIOs express concerns about integrating AI into their operations, with data-related barriers and cybersecurity being the top hurdles, especially in regulated industries like the financial services and healthcare sectors

• Big Miss: 86% of respondents report challenges in gaining meaningful insights, with 84% of GenAI adopters experiencing issues with their data sources

• Thus Data Science/Machine Learning & Data Engineering are key pitfalls that need preeemptive action to achieve AI goals

• As always, Cybersecurity is a key focus for CIOs, with 69% leveraging AI to bolster their security programs, but many IT leaders worry about the security risks associated with AI use, including data exposure, regulatory compliance, and the risk of employees independently adopting AI tools.

• Rankings:

  • The financial services industry demonstrates the highest level of readiness

  • The public sector lags behind in readiness and adoption

• Tactics:

  1. Start with smaller proof-of-concept AI projects

  2. Set realistic expectations with stakeholders

  3. Deliver education and training on AI to end users before go live

  4. Ensure Data Science/Machine Learning/Data Engineering platforms & talent are fully capable as part of project scope are key pitfalls that need preemptive action to achieve AI goals

  5. Use technology partners to fill knowledge/skills gaps important