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IDC FutureScape: The AI Pivot Towards Becoming an AI-Fueled Business
October 21, 2024 | IDCEstimated reading time: 1 minute
According to a recent research from International Data Corporation (IDC) entitled The Global Impact of Arti f icial Intelligence on the Economy and Jobs, AI will have a cumulative global economic impact of $19.9 trillion through 2030 and will drive 3.5% global GDP in 2030. Brought about by continued business spending on artificial intelligence (AI) adoption, use of AI in existing business operations and in the delivery of better products and services to customers, this highlights the huge potential of AI in transforming businesses, reshaping industries, creating new markets, and altering the competitive landscape.
Achieving this level of economic impact will require a pivot in AI investments from GenAI experimentation and siloed AI projects to truly expand AI adoption. IDC predicts that 2025-2026 will be the AI pivot years following the GenAI scramble in 2023-2024 which witnessed a lot of AI use case experimentations. A pivot to effectively setting priorities, making decisions and addressing barriers to success, and in planning and building for scale towards the acceleration of AI-fueled businesses by 2027 and beyond.
Be the first to hear IDC’s 2025-2029 tech predictions on how organizations can execute this AI pivot and accelerate their AI-fueled business journey at IDC FutureScape. Taking place on 8 November 2024 at the Singapore Marriott Tang Plaza Hotel, IDC analysts will talk about the opportunities and challenges with moving from experimentation to adoption, IT and AI spending forecast for 2027-2029, and increasing sales in the AI market race. Most importantly, they will share buyer insights on critical building blocks in setting up the foundation for an AI-fueled business which includes an AI-fueled operational plan unifying strategy, governance, and workforce development, as well as an AI-ready technology operating model for applications, AI platforms, data, and infrastructure. Join other technology leaders from across industries in plenary sessions, as well as C-suite roundtable discussions (by-invitation only), and in complimentary one-on-one sessions with IDC analysts (limited slots, by appointment only).
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