A new study reveals that only half (53%) of projects deliver measurable benefits.
Ardoq's report characterizes companies' efforts as “trial and error,” highlighting that three in five CIOs (61%) say they are driven by fear of missing out on investment. Masu.
Others (79%) believe investing in emerging technologies is essential and express concern that they could be left behind if they don't jump on the bandwagon.
Companies are not investing effectively
Four in five (82%) of 700 CIOs and IT leaders at large companies with 2,000 or more employees say they want to increase their appeal with new features without necessarily creating tangible business benefits. Agreed that it is easy to “AI wash” a product. for extra expenses.
We also found that two-thirds (65%) believe investing in artificial intelligence is high risk, and there is uncertainty in expectations regarding ROI.
“In today's fast-paced digital age, companies that can quickly adopt new technologies and integrate them into the fabric of their business can reap significant rewards,” said Eric Bakstad, CEO of Ardoq. I commented.
Bakstad also emphasized that spending on AI requires careful consideration, saying, “Organizations must be prepared to avoid risk, or their technology investments will be It may fall short of expectations.”
The study shows that the average company spends $43.4 million on emerging technologies each year, but some of that money is wasted due to a lack of a robust ROI prediction system.
This sentiment is evidenced by the fact that two-thirds (64%) of CIOs say they have suffered a setback in the past due to underperformance.
Bakstad added: “By leveraging data to inform decision-making at every turn, organizations can confidently navigate the complexities of implementing emerging technologies.”
