Big spend on enterprise AI doesn't always deliver big returns

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BetaNews 21h ago

Big spend on enterprise AI doesn't always deliver big returns - BetaNews

Quick Summary:

The study, based on a survey of 900 IT decision-makers in enterprises across Europe, finds that organisations have invested on average, €103.4M ($108M) in AI and automation over the last two years, with over half (59 percent) spending up to €295M ($309M).

New research from Digitate reveals that while 92 percent of European organisations have implemented AI and automation, many lack a strategic approach to maximise the impact.

These investments have yielded significant returns, with 86 percent of organizations reporting a ROI averaging €154.7M ($162.4M).