Do you intend to increase your spend on AI projects this year?

People & LeadershipFinancial Management

Yes.53%

Haven't decided yet.34%

No.11%

887 PARTICIPANTS
6.8k viewscircle icon1 Upvotecircle icon2 Comments
Sort by:
VP / CIO in Healthcare and Biotech2 years ago

Challenge in justifying the ROI..

CIO5 years ago

We've consistently increased spending in this area.  But one thing we started working on last year was engaging the broader IT organization in AI.  So we had Amazon come in and host classes on AI/ML that engaged both IT staff, and our business (citizen developer) teams.  We ran a contest using Amazon's Deep Racer -- just to get people to become familiar with the tools. 

My ultimate goal is that AI/ML won't be something only one team does, but it will be a tool applied (where necessary) across all teams.  We'll still have experts, but hopefully in a COE model, not as the only people using the tools/technology. 

Lightbulb on1

Content you might like

Does your company have enough guardrails in place to ensure that AI is used properly?

Yes, we have a comprehensive governance policy53%

No, we need more guidance around this45%

Not sure what policies are currently in place2%

View Results

Any best practices your team follows when using AI solutions at work? Thinking of security tips, AI-generated content review, training, etc.

Read More Comments

Does your IT team or your HR team absorb the costs of HR technology?

Read More Comments

How will GenAI advancements disrupt traditional DocAI or Intelligent document processing landscape? Are there any emerging trends? Which use cases might be impacted?

Read More Comments

How are you establishing and measuring the business value of your IT initiatives? (pick all that apply)

Return on Investment (ROI)44%

Total Cost of Ownership (TCO)41%

Net Present Value (NPV)23%

Internal Rate of Return (IRR)11%

Payback Period22%

Business Process Improvements (e.g., increased efficiency, reduced cycle times, or enhanced productivity)44%

Customer Satisfaction and Retention30%

Competitive Advantage18%

Risk Mitigation27%

Ability to Foster Innovation and Agility14%

Employee Satisfaction19%

Something Else (share in a comment!)3%

View Results