Major tech firms like Microsoft and Google have invested heavily in new generative artificial intelligence, and businesses across industries are scrambling to integrate the new technologies into their systems to improve efficiency. However, according to a recent report from The Wall Street Journal, Big Tech is struggling to turn a profit with the shiny new tools. Now, new data indicates the investments will absolutely be worth it in the long run – but it may take time and patience to see the returns, according to enablement tech firm Seismic. Enablement technology is defined as tools that reduce employee workload in myriad ways, including streamlining workflows. Seismic’s “The State of AI in Enablement” report for 2023 found that 80% of sales and customer service leaders at management level or above expect revenue growth from incorporating AI into their go-to-market processes, and the respondents predicted an average of 23% growth over the next five years due to AI utilization. The data showed the future looks bright for further adoption, too, with 87% of those who already use AI saying their companies plan to invest more in generative AI next year. “While the potential of AI in enablement is certainly thrilling, it also brings about a sense of apprehension surrounding the payoffs,” Seismic CEO Doug Winter told FOX Business on the findings. “The reality is: positive ROI stemming from AI-powered enablement efforts will take time.”
Full study : Research shows that major tech leaders expect AI investments to pay off, but it might take time.
