Search AI Products and News

Amid widespread skepticism among companies regarding generative artificial intelligence (Gen AI), consulting firm Deloitte reports challenges in bringing projects to production, while research firm Gartner predicts that many projects will be abandoned. However, a recent survey by investment bank Bank of America (BofA) reveals that Gen AI could significantly increase corporate profits. 'Analysts at BofA Global Research found that Corporate AI's

Deloitte surveyed 2,835 business executives, finding that 62% are enthusiastic about generative AI, and 79% expect significant changes in their companies within the next three years. 56% of companies focus on improving efficiency and productivity, while only 29% seek innovation and growth. The survey reveals that 91% of respondents believe generative AI can lead to efficiency improvements, with 27% perceiving a significant impact. The vast majority of companies primarily use off-the-shelf generative AI solutions, including productivity applications with built-in generative AI and enterprise platforms with integrated generative AI.

Global corporations are increasingly confident in AI investments, with an average return rate reaching 3.5 times, totaling 250%. Generative AI has driven advancements in the field, leading companies to cut spending in other areas and expedite AI project implementation. 92% of AI deployments are completed in less than 12 months, significantly faster than previous technology rollouts.