What: 87% of companies are deploying AI project for testing purpose

Why it is important: Only 36% are clear about where this could lead and pilot according to a vision

The widespread adoption of AI across industries is evident with 87% of companies now piloting or deploying generative AI, and significant investments averaging $5 million annually, escalating up to $18 million for larger enterprises. Despite the quick proliferation of AI, challenges in implementation that align with profit generation remain prevalent. Yet, companies report a satisfactory outcome in 75% of AI use cases, a slight decline from previous records but still indicative of sustained positive performance without falling into the typical hype cycle downturns.

However, only 36% of firms have a strong vision for AI utilization, with technology companies showing greater readiness and superior outcomes compared to their non-tech counterparts. There is a noted increase in concerns about technological readiness, with a 10% rise in firms citing inadequate tech platforms as a major barrier to faster AI adoption, overtaking issues like lack of expertise and data readiness.

AI survey: according to Bain, AI is everywhere but priorities are shifting