Report: 86% of companies see tangible benefits from AI implementation
Rackspace Technology, an AI technology services company, has released the results of its 2024 Global AI Report, "The Impact of AI on Business: Trends, Challenges and Opportunities." Sponsored by Amazon Web Services (AWS) and conducted by Coleman Parkes Research, the research is based on responses from 1,420 IT decision-makers across manufacturing/logistics, retail, hospitality/travel, energy, healthcare/pharma/biomedical, government, media/entertainment, and financial service sectors from around the world. The report highlights how artificial intelligence is impacting strategy, investments, hiring and more in 2024. Below are a few key takeaways from the report:
- 60% of survey respondents have advanced their AI strategies beyond the ideation and proof-of-concept stages
- Nearly 33% of participants have integrated AI into their business operations
- Budgets for AI investment have doubled from 2023 to 2024
- 86% of companies have seen tangible benefits from the implementation of AI
In a recent quote, Srini Koushik, President AI, Technology, and Sustainability, Rackspace Technology, said, “Unlike previous technological disruptions that were years in the making, such as the mainframe, client servers, and cloud computing, there has been little to no, ‘wait and see’ period for AI. Instead, companies across the board have jumped in with both feet. As AI becomes increasingly commoditized with easier consumption models, it is establishing itself as a ubiquitous tool that can fit almost anywhere, with a broad-brush impact across all aspects of the organization.”
About the Author
Alexis GajewskiAlexis Gajewski
Senior Content Strategist
Alexis Gajewski is a manufacturing writer and editor with nearly 20 years of experience covering the people, practices, and technologies that keep industrial facilities running. For more than a decade, she served as Senior Content Strategist for Plant Services, creating content for plant managers, engineers, and maintenance professionals on a variety of industrial topics.
During her tenure, Alexis worked to develop the brand’s digital strategy and helped launch and produce Great Question: A Manufacturing Podcast. She also created The Lighter Side of Manufacturing, a weekly blog that explored the inventive and sometimes humorous side of the industry.
Alexis co-founded Influential Women in Manufacturing, a recognition program that honored 49 women in its first two years, earned an industry award for Best Product Launch, and received a proclamation from Illinois Governor JB Pritzker and a commendation from U.S. Senator Tammy Duckworth.
She also led newsroom operations and development at a large media company where she set editorial standards, developed training curriculum, and helped support AI adoption for more than 150 editors across 80+ brands spanning manufacturing, industrial processing, automation, and more.
Additionally, Alexis works as a freelance writer and editor, and her areas of interest include continuous improvement, the skilled workforce, and the role of emerging technology on the plant floor.
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