IDC's latest research shows that artificial intelligence has become a key driver for enterprises to improve efficiency and profitability. The "Business Opportunities of Artificial Intelligence" report commissioned by Microsoft pointed out that 92% of enterprises actively apply AI and obtain significant return on investment (ROI). The editor of Downcodes will take you to have an in-depth understanding of this research and analyze the current status of enterprise AI applications, return on investment, and challenges faced.
According to a study by IDC, 92% of enterprises are actively leveraging AI technology to improve several key areas such as productivity, customer engagement, revenue growth, cost management, and product innovation. The study, commissioned by Microsoft, is titled "Business Opportunities for Artificial Intelligence." The report shows that as companies invest in artificial intelligence, the return on investment (ROI) increases significantly.
The study points out that the adoption of generative AI is expanding rapidly and is expected to jump from 55% in 2023 to 75% in 2024. At present, the average cycle for enterprises to implement artificial intelligence solutions is less than eight months, and the value brought by the technology can be felt in about 13 months. Generative AI is becoming a key driver of industry transformation as more companies plan to develop customized AI solutions over the next two years.
According to a survey by IDC, companies investing in generative artificial intelligence can get an average return of $3.7 for every $1 invested, with some companies even seeing a return of up to 10.3 times. The financial services, media and telecommunications industries have seen the highest return on investment in applications of generative AI.
However, the biggest challenge faced by enterprises when applying artificial intelligence technology is the lack of professional skills. About 30% of enterprises stated that they lacked specialized artificial intelligence technical talents internally. To solve this problem, Microsoft has helped more than 14 million people receive digital skills training and certification in more than 200 countries and regions in the past year.
Alyssa Taylor, chief marketing officer of Microsoft Business Cloud and Artificial Intelligence, said in her blog: "We are committed to working with governments, educational institutions, industry and social groups to help more people learn to use artificial intelligence." She also mentioned , generative artificial intelligence has become an important driver of business results in various industries in 2024, and many enterprises and industries are still exploring the potential of this new technology.
All in all, the application of artificial intelligence is rapidly expanding and bringing huge business value to enterprises. However, the talent gap remains a major challenge for companies to overcome. In the future, with the continuous development of technology and the strengthening of talent training, artificial intelligence will better empower all walks of life. The editor of Downcodes will continue to pay attention to the latest developments in the field of artificial intelligence and bring you more exciting reports.