The AI Pivot Towards Becoming an AI-Fueled Business --IDC FutureScape:

According to a recent research from International Data Corporation (IDC) entitled The Global Impact of Arti f icial Intelligence on the Economy and Jobs, AI will have a cumulative global economic impact of $19.9 trillion through 2030 and will drive 3.5% global GDP in 2030. Brought about by continued business spending on artificial intelligence (AI) adoption, use of AI in existing business operations and in the delivery of better products and services to customers, this highlights the huge potential of AI in transforming businesses, reshaping industries, creating new markets, and altering the competitive landscape.

Achieving this level of economic impact will require a pivot in AI investments from GenAI experimentation and siloed AI projects to truly expand AI adoption. IDC predicts that 2025-2026 will be the AI pivot years following the GenAI scramble in 2023-2024 which witnessed a lot of AI use case experimentations. A pivot to effectively setting priorities, making decisions and addressing barriers to success, and in planning and building for scale towards the acceleration of AI-fueled businesses by 2027 and beyond.

To learn more, visit: www.idc.com