Skip to content
Tiatra, LLCTiatra, LLC
Tiatra, LLC
Information Technology Solutions for Washington, DC Government Agencies
  • Home
  • About Us
  • Services
    • IT Engineering and Support
    • Software Development
    • Information Assurance and Testing
    • Project and Program Management
  • Clients & Partners
  • Careers
  • News
  • Contact
 
  • Home
  • About Us
  • Services
    • IT Engineering and Support
    • Software Development
    • Information Assurance and Testing
    • Project and Program Management
  • Clients & Partners
  • Careers
  • News
  • Contact

Enterprises enthusiastic about generative AI, Foundry survey shows

Generative AI is already making deep inroads into the enterprise, but not always under IT department control, according to a recent survey of business and IT leaders by Foundry, publisher of CIO.com. The survey found tension between business leaders seeking competitive advantage, and IT leaders wanting to limit risks.

Some 62% of respondents said their organizations were actively using generative AI, with 23% saying they were in the early stages of exploring its use, and 14% saying they were considering implementing it. That leaves just 1% that has either checked out generative AI and dismissed it, or have no plans to use it at all.

Interestingly, non-IT leaders were more likely to report actively using generative AI (73%) than IT leaders (59%), suggesting there’s plenty of experimentation going on beyond the purview of the IT department. Enterprises with 5,000 or more employees were more likely (69%) to be trying the technology than smaller ones (57%).

Enthusiasm for generative AI technology, a branch of AI that can be used to autonomously create new content such as images, videos, or text, varied from one industry to another. Those in retail or financial services were most likely (62%) to report active use of it, closely followed by manufacturing, production, and distribution (59%), and technology (56%).

Tension at the top

There were some interesting splits when Foundry asked respondents whether the greater risk to their organization was moving too fast (adopting generative AI despite security risks or ethical issues) or too slow (being seen as a laggard, or not creating competitive advantage).

IT leaders were more likely (56%) to see moving too fast as the greater threat, while moving too slow was seen as more dangerous by non-IT leaders (52%).

Financial services industry respondents were evenly split on the question. Retailers are definitely risk-takers, with 60% seeing moving too slow as the bigger threat, while those in technology prefer to take precautions, with 58% saying moving too fast is more dangerous.

Furthermore, companies with 5,000 employees or more were most likely to be cautious (75% saying moving too fast is the bigger threat) and smaller companies see slowness as the greatest risk (62.8%).

Brakes on generative AI use

The thing most likely to curb enthusiasm for generative AI (41% overall, and 42% among IT leaders) was the law—or at least legal issues related to generative AI output. These issues could include copyright concerns, privacy violations, or liability for providing or acting on hallucinations of a poorly trained or implemented AI system.

Non-IT leaders, however, were most concerned (40%) about loss of control over corporate data. This only preoccupied 23% of IT leaders, perhaps because they better understand the technological options available for data loss prevention, or for training and running generative AI models on-premises or in private clouds to keep corporate data safe.

Concern about employees going rogue and using generative AI without permission was higher among IT leaders (22%) than among non-IT leaders (14%). That could be because non-IT leaders get to see the benefits of early and unsanctioned experimentation, while IT leaders then have to clean up.

One of generative AI’s superpowers is making mistakes faster, but only 13% of survey respondents (14% in IT, 9% non-IT) cited a lack of confidence in generative AI results as their top concern.

How enterprises use generative AI

Almost 90% of survey respondents said they have generative AI projects of one kind or another underway or have just started them.

Training and upskilling employees on generative AI was the area in which they were most advanced (51% underway, 38% just started), with financial services companies the most likely (59%) to have training projects already underway. Getting generative AI tools in users’ hands came a close second (50% underway, 38% just started). Both those areas could be considered to relate to pure technology, and thus why IT leaders were more likely than non-IT leaders to have projects already underway.

However, non-IT leaders were far more likely to have started work on establishing generative AI policies and guidelines than IT leaders (65% vs 42%), or on identifying use cases (59% vs 38%), the survey found. The industry most likely to have already identified use cases was retail (49%), ahead of tech and manufacturing (42%) with financial services (32%) in last place.

Generative AI generates spending

Asked in which areas their organization would be making AI investments this year, only one respondent (an IT leader in a manufacturing, production, or distribution industry) said “nowhere.”

Spending on AI-enabled applications is on the cards for 76% of respondents, while 68% plan to add headcount for AI-related roles such as data scientists or prompt engineers. Also, 68% will increase security spending, 55% will boost AI-related cloud spending, and 51% will upgrade infrastructure to run AI workloads.

Smaller companies see the greatest need to spend on AI-related security (72% vs 63%).

There were some discrepancies in the spending plans of IT and non-IT leaders, too, with IT seeing the greatest need for spending on AI-enabled applications (79% vs 65%), AI-related headcount (69% vs 63%), and security (70% vs 57%). Non-IT leaders were more likely to want to spend on cloud services (69% vs 51%) and infrastructure upgrades (59% vs 49%).

Foundry conducted its survey in early July, asking senior executives about their preparations for and use of generative AI. Of the 447 respondents, 90% of respondents held C-level roles (CEO, CIO, CTO, CSO, CISO). Other respondents were managers, directors, or VPs. The companies operated primarily in manufacturing, production, distribution, retail, or financial services and the median number of employees in their organizations was 3,750.

Artificial Intelligence, Enterprise Applications, Generative AI, Innovation
Read More from This Article: Enterprises enthusiastic about generative AI, Foundry survey shows
Source: News

Category: NewsAugust 2, 2023
Tags: art

Post navigation

PreviousPrevious post:10 tips for modernizing legacy apps for the cloudNextNext post:Broadcom’s Approach Towards Delivering Customer Value

Related posts

Barb Wixom and MIT CISR on managing data like a product
May 30, 2025
Avery Dennison takes culture-first approach to AI transformation
May 30, 2025
The agentic AI assist Stanford University cancer care staff needed
May 30, 2025
Los desafíos de la era de la ‘IA en todas partes’, a fondo en Data & AI Summit 2025
May 30, 2025
“AI 비서가 팀 단위로 지원하는 효과”···퍼플렉시티, AI 프로젝트 10분 완성 도구 ‘랩스’ 출시
May 30, 2025
“ROI는 어디에?” AI 도입을 재고하게 만드는 실패 사례
May 30, 2025
Recent Posts
  • Barb Wixom and MIT CISR on managing data like a product
  • Avery Dennison takes culture-first approach to AI transformation
  • The agentic AI assist Stanford University cancer care staff needed
  • Los desafíos de la era de la ‘IA en todas partes’, a fondo en Data & AI Summit 2025
  • “AI 비서가 팀 단위로 지원하는 효과”···퍼플렉시티, AI 프로젝트 10분 완성 도구 ‘랩스’ 출시
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    Categories
    • News
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Tiatra LLC.

    Tiatra, LLC, based in the Washington, DC metropolitan area, proudly serves federal government agencies, organizations that work with the government and other commercial businesses and organizations. Tiatra specializes in a broad range of information technology (IT) development and management services incorporating solid engineering, attention to client needs, and meeting or exceeding any security parameters required. Our small yet innovative company is structured with a full complement of the necessary technical experts, working with hands-on management, to provide a high level of service and competitive pricing for your systems and engineering requirements.

    Find us on:

    FacebookTwitterLinkedin

    Submitclear

    Tiatra, LLC
    Copyright 2016. All rights reserved.