{"id":1741,"date":"2023-12-06T09:37:25","date_gmt":"2023-12-06T01:37:25","guid":{"rendered":"https:\/\/www.1ai.net\/?p=1741"},"modified":"2023-12-06T09:37:25","modified_gmt":"2023-12-06T01:37:25","slug":"infosys%e7%a0%94%e7%a9%b6%ef%bc%9a%e6%ac%a7%e6%b4%b2%e4%bc%81%e4%b8%9a2024%e5%b9%b4%e5%9c%a8%e7%94%9f%e6%88%90%e5%bc%8fai%e6%8a%95%e8%b5%84%e5%a2%9e%e5%8a%a0115%ef%bc%8c%e8%be%be%e5%88%b028%e4%ba%bf","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/1741.html","title":{"rendered":"Infosys Research: European companies' investment in generative AI will increase by 115% to $2.8 billion by 2024"},"content":{"rendered":"

according toInfosys<\/a>Institute of Knowledge (IKI)up to date<\/span>Research,Europe<\/a>We are increasing our support for generativeAI<\/a>(GenAI<\/a>) investment, but is moving more cautiously than North America. The study predicts that European companies will increase their GenAI investments by $115% to $2.8 billion in the coming year.<\/p>\n

Investment in Europe is slower than in North America, where spending is expected to approach $6 billion. This more cautious investment is primarily driven by ethical and bias issues in the more stringent European market. However, European companies remain optimistic about the impact of GenAI on their business and are more confident in their ability to train and recruit talent, and manage and control generative AI systems.<\/p>\n

\"202310250959077312_3\"<\/p>\n

Source Note: The image is generated by AI, and the image is authorized by Midjourney<\/p>\n

IKI surveyed 1,000 respondents from 11 Western European countries: Belgium, Denmark, Finland, France, Germany, Iceland, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom.leader<\/span>Interviews with AI practitioners provided the following insights.<\/p>\n

1. France and Germany lead in spending and adoption<\/p>\n

\u2013 France and Germany are expected to double their spending on GenAI over the next 12 months, reaching nearly $730 million in France and close to $610 million in Germany\u3002<\/p>\n

\u2013 In both countries, about 50% enterprises have implemented GenAI or have implemented and created commercial value, while in the United Kingdom, Benelux and the Nordic regions the proportion is about 40%\u3002<\/p>\n

\u2013 The United Kingdom is expected to exceed Benelux in the next 12 months, doubling expenditure to nearly $510 million\u3002<\/p>\n

\u2013 It is anticipated that Nordic enterprises will spendHighest<\/span>If the rate of growth continues, current spending will increase by more than 2.5 times to more than $470 million.<\/p>\n

2. European companies are deploying GenAI, but rarely creating business value<\/p>\n

\u2013 Despite extensive experiments and implementation by European enterprises in GenAI, only 61 TP3T enterprises have created commercial value through their GenAI application cases. France, Germany and the United Kingdom are leading in the region, and some 101 TP3T enterprises reported on the value provided by their GenAI project\u3002<\/p>\n

3. European companies are more concerned about ethics and bias, and more confident in managing and controlling GenAI<\/p>\n

\u2013 European enterprises see ethics and prejudice as the second greatest challenge after data privacy and security. Businesses in North America, on the other hand, pay less attention to ethics and prejudice, and rank behind the challenges of data privacy, unusable data and lack of skills\u3002<\/p>\n

\u2013 European enterprises also have more boards of directors involved in the development of GenAI policy, reflecting their regulatory concerns. In Europe, the board sets regulations and policies for companies above 30% and serves as the main sponsor for nearly 20%\u3002<\/p>\n

\u2013 European interviewees over 70% expressed confidence in GenAI\u2019s management capacity\u3002<\/p>\n

Infosys Global AI and Industry VerticalsLeaders<\/span>\u00a0Balakrishna DR (Bali) said: \u201cGenerative AI is driving a massive transformation in the industry and investments are being made at a rapid pace. In a changing regulatory environment, organisations must embed responsible AI technologies, not only improving data quality and governance, but also effectively managing ethical and bias risks. Our research shows that to gain business value, European companies must develop and evolve operating models with AI at their core, prioritising business transformation and skills development, and making themmaximum<\/span>maximizing human potential.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

Europe is increasing its investment in generative artificial intelligence (GenAI), but is moving more cautiously relative to North America, according to new research from the Infosys Knowledge Institute (IKI). The study predicts that European companies will increase their GenAI investments by 1,151 TP3T to $2.8 billion over the next year. Europe is investing at a slower pace compared to North America, where spending is expected to approach $6 billion. This more cautious investment is largely due to ethical and bias issues influenced by the stricter European market. However, European companies remain optimistic about the impact of GenAI on their business and are more confident in their ability to train and recruit talent and manage and control generative AI systems. Source Note: Image generated by AI, image licensed to<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[562,561,204,499,383],"collection":[],"class_list":["post-1741","post","type-post","status-publish","format-standard","hentry","category-news","tag-genai","tag-infosys","tag-204","tag-499","tag-ai"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/1741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=1741"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/1741\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=1741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=1741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=1741"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=1741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}