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Home Technology Big Data, Analytics & Intelligence

Asia/Pacific leaders to demand 80% success rate on GenAI initiatives by 2027, study finds

FutureCIO Editors by FutureCIO Editors
November 14, 2024
Photo by Pixabay: https://www.pexels.com/photo/light-trails-on-highway-at-night-315938/

Photo by Pixabay: https://www.pexels.com/photo/light-trails-on-highway-at-night-315938/

IDC predicts that business leaders in Asia/Pacific (including Japan) will demand an 80% success rate on GenAI initiatives by 2027 to boost efficiency and revenue growth.

Sandra Ng
Sandra Ng

“2025 will be the year of the AI Pivot. It marks the shift from seemingly endless AI experimentation to executing AI at scale. Organisations must integrate AI into their business strategies to stay ahead of the competition, moving beyond isolated pilot projects to achieve real, measurable business outcomes through structured approaches, governance, quality data, and scalable fit-for-purpose infrastructure,” Sandra Ng, group vice president, and general manager for IDC said.  

AI pivot

IDC projects that the AI pivot will cause businesses to move beyond pilot projects and embed AI into core operations. Moreover, businesses will also aim for measurable success and strategic outcomes by 2027.

Predictions from IDC show that AI will be a significant driver of the region’s economic growth. Over the next three years, AI-related spending will grow 1.7x faster than overall digital technology investments, generating a projected $1.6 trillion economic impact across the region by the end of 2027.

AI-fueled business

IDC highlights seven critical pillars guiding Asia/Pacific businesses through an AI pivot. These include developing an effective AI strategy, establishing responsible AI governance frameworks, training and aligning people with AI initiatives, integrating GenAI-infused applications, implementing AI platforms, ensuring high-quality data, and building scalable infrastructure to support AI operations.

“With AI investments set to outpace other digital technologies, companies that address and go beyond the 7 AI blockers in 2025 will be best positioned to capture new revenue streams, improve customer experiences, and build long-term competitive advantages,” added Ng.

Related:  IDC unveils top 10 IT predictions for 2021
Tags: AI pivotArtificial Intelligencedigital transformationgenerative AIIDC
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