🤖 “80% of Companies Will Have AI Incorporated By 2026”

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Good morning and welcome to the latest edition of neonpulse!

Today, we’re talking about a new research report by Gartner — because it had some interesting findings. Let’s dive in!

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“80% of Companies Will Have AI Incorporated by 2026”

In just under a year since the debut of ChatGPT, the use of AI has seen an incredible risse. Companies are integrating AI models into their operations, all across the board. According to a new report by Gartner, this upward trajectory shows no signs of slowing down.

The forecast is impressive: Gartner predicts that by 2026, 80% of companies will have either adopted generative AI APIs or models, or developed their own. To put this into perspective, this would mark a sixteen-fold increase from 2023, when less than 5% of enterprises has ventured into this domain.

Arun Chandrasekaran, a distinguished VP analyst at Gartner, emphasizes, "Generative AI has become a top priority for the C-suite and has sparked tremendous innovation in new tools beyond foundation models."

Generative AI applications are essentially tools that harness generative AI to carry out specific tasks. The very best example is ChatGPT. These applications can speed up internal processes or enhance customer experiences, ultimately improving services.

Foundation models serve as the bedrock of generative AI applications. They are machine learning models, like what GPT is for ChatGPT. Trained on extensive datasets, they power a diverse range of applications, demonstrating their vast potential.

Gartner places foundation models at the forefront of the Hype Cycle, suggesting that by 2027, they will underlie 60% of natural language processing use cases.

Arun Chandrasekaran advises companies: "Technology leaders should start with models with high accuracy in performance leaderboards, ones that have superior ecosystem support and have adequate enterprise guardrails around security and privacy."

It is clear that generative AI is ready to change the world of business forever. As businesses forge ahead, the effective management of AI risks will be crucial to safeguarding their operations and their members.

Do you think 80% will incorporate AI by 2026?

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And now your moment of zen

Source: Elmo Krueger

That’s all for today folks!

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