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Cos Expected to Up Gen AI Investments by Half This Year
Hindustan Times Noida
|January 01, 2025
Companies worldwide are expected to spend 50% more on adopting generative AI (GenAI) technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm.
BENGALURU:
This, even as analysts and management are divided on how the technology's rise will impact India's $254-billion IT services industry.
Two years after the launch of ChatGPT ushered GenAI into everyday discussions, US-based Information Services Group (ISG) in a September 2024 report said it expects companies globally to spend 6.5% of their total tech spending on GenAI in 2025.
According to Connecticut-headquartered ISG, in 2024, the most use cases of GenAI were in customer service functions as part of chatbots and BPO (business process outsourcing). This year will be no different.
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