Recent Gartner data suggests that 90% of CFOs expect AI budgets to increase in 2024. With a near unanimous consensus, is this just a bubble waiting to burst?
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Director of Finance in Consumer Goods7 months ago
I agree AI is too overhyped and its core business still depends on traditional ways of working. Its a bubble which anyhow will burst in long term as per unanimous views in my circle.CFO in Travel and Hospitality7 months ago
There is no doubt that CFOs has to adopt AI to improve rheir processes and bring efficiency into the business. However, they should do cost-benefit analysis to ensure right balance of AI to use to enjoy maximum benefits. For bubble, it’s not about that it will be burst, it’s most likely to become normal way of doing business.CTO7 months ago
I think it is too early to tell.India Head and Director of Global Finance Shared Services in Hardware7 months ago
Though AI and generative AI seem to be overhyped for now, but actual investments have not been very significant for now to category it as a bubble waiting to burst. It is not a panacea for all business problems as it is being projected to be for now. There will be significant process improvements and automation with generative AI in next few years and there is euphoria around it, but it can't be categorized as bubble at this stage.