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Home Data Science

New Research: 95% of Enterprises Must Improve their Governance for GenAI Workloads

Admin by Admin
September 6, 2024
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IDC predicts that enterprises are poised to double their 2023 investments in GenAI from $19 billion to $151 billion by 2027. However the place are enterprises at the moment on their AI maturity journey? Have they got sufficient backing from the board? Have they got sufficient compute? Have they got every little thing they should construct AI responsibly and safely? And have they got precise AI initiatives in manufacturing with a transparent path to ROI? 

To reply these burning questions, Domino Information Lab commissioned BARC Analysis to conduct a research amongst 279 AI leaders (senior director and above) at firms with $100M+ annual income. Obtain the total report, “AI leaders reveal what works within the trendy AI period,” HERE.

Here’s a sneak peek: 65% of respondents mentioned their firms want so as to add new processes to present governance frameworks to hitch the GenAI revolution and succeed on their Accountable AI journey. For others, GenAI requires a deeper revision of their governance plans: Practically one in 5 (18%) say they are going to solely rewrite their governance frameworks to deal with the appearance of GenAI, and 12% plan to exchange their present governance framework solely because of GenAI. 

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