AI Spending Surpasses Past Tech, ROI Lags Behind

Companies are spending a lot of money on AI technology.

AI spending is outpacing earlier tech like cloud and SaaS.

Early versions of AI are working, but getting big results is taking longer.

This is because building and using AI is expensive, needing powerful computers and skilled people.

Also, to get the best results, companies need to have clean data and change how they do things.

Unlike earlier technology upgrades, rolling out AI across a whole company is a slow process of learning and adapting, meaning returns take more time.

Good news: AI costs are going down.