Big spend on enterprise AI doesn't always deliver big returns

New research from Digitate reveals that while 92 percent of European organisations have implemented AI and automation, many lack a strategic approach to maximise the impact. The study, based on a survey of 900 IT decision-makers in enterprises across Europe, finds that organisations have invested on average, €103.4M ($108M) in AI and automation over the last two years, with over half (59 percent) spending up to €295M ($309M). These investments have yielded significant returns, with 86 percent of organizations reporting a ROI averaging €154.7M ($162.4M). UK enterprises lag behind their European counterparts on AI and automation investment and cloud adoption,… [Continue Reading]