AI technology is generating a lot of excitement, but a recent survey shows that businesses are struggling to fully implement it. Skill shortages, infrastructure limitations, cost, and overall integration difficulties are holding back the use of generative AI. Only 10% of organizations have been able to successfully implement generative AI solutions, despite high hopes for the technology. Many organizations are hesitant to adopt AI due to the costs and complications involved. Financial Services, Banking, Defense, and Insurance industries are leading the way in AI adoption, hoping for increased efficiency and improved customer experiences. Meanwhile, Education, Automotive, and Telecommunications industries are moving more cautiously with their AI initiatives. The survey suggests that barriers such as cost and complexity are causing organizations to be hesitant about adopting generative AI, relying instead on human production for now.
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