Key Findings
Forty-two percent of global organizations plan to institutionalize Generative AI use cases.
37% of management remain skeptical or have reservations toward AI.
Only 11% of enterprises are currently using GenAI-powered applications, but this number is expected to increase almost fourfold to 42% in the coming year.
More than half of global businesses do not have an AI Governance, Risk and Compliance (GRC) policy in place.
33% of respondents said that their organizations will be developing data management capabilities in the next 12 months.
IT leaders expect AI to account for nearly 20% of tech budgets in 2025.
AI spending is expected to nearly triple in 2025 compared with last year.
Approximately 9 out of 10 AI-adopting respondents, mostly made up of IT professionals, said that AI has met their expectations.