KPMG England A recent update noted that AI no longer requires traditional ROI. In fact, 65% of UK-based respondents claim that their organization is likely to continue investing in AI regardless of the tangible ROI (return on investment). The majority, or 70%, of UK business professionals also agree that AI will remain a key priority investment Even if a recession comes next year.
KPMG also found that 94% currently use or plan to use AI agents, but maturity varies slightly.
KPMG also noted in the report that although businesses are spending a lot of money on AI, they don’t actually need traditional ROI to see some value in the technology.
Nearly two-thirds (65%) of UK-based respondents said their organization would continue to invest in AI regardless of its ability to accurately measure tangible return on investment. This is according to KPMG’s AI pulse questionnaire.
KPMG’s latest survey of a panel of more than 100 business professionals United KingdomHe is now live with insightful information for the first quarter of this year for his views/perspectives on various AI themes/narratives.
The research study found that although many organizations say they can measure returns in certain areas, this does not appear to be the main factor or criterion driving ongoing AI-focused investments.
research It found that the majority of UK-based respondents are confident in their organisation’s ability to measure ROI on:
- efficiency (76%)
- performance and work quality (71%)
- Speed and accuracy of decision making (67%)
- profitability (64%)
But trust drops significantly when it comes to “more strategic or indirect benefits.”
Only 14% in question They were confident about “measuring ROI on advanced investments” analytical It is used by senior managers to make business decisions.”
Participants also highlighted the skills gap and risk considerations such as data. privacy and cybersecurity are “the biggest barriers to demonstrating AI-related ROI (46%), followed by difficulty measuring indirect or long-term benefits (40%).”
The most important challenges to face artificial intelligence Next year’s strategy is risk management, such as data privacy and cybersecurity (41%), followed by “quality of corporate data and employee adoption” at 32%.
Despite these potentially significant concerns, the majority, or 58%, of survey respondents said their organizations plan to invest over $50 million in AI in the next 12 months, with half of them planning to invest over $100 million.
And most or 70% England business professionals also agree that artificial intelligence will remain a priority investment recession occur In fact, there is no real connection or correlation between what happens during the economic slowdown and advances in artificial intelligence. In fact, technology industry participants tend to focus more on technological advances and product development during market downturns.
Doctor Leanne AllenHead of Artificial Intelligence at KPMG UK, explained There appears to be a steady shift in the mindset of business professionals, from thinking of AI as something that should provide quick returns to one that views AI as a type of long-term investment. Industry participants may be realizing that this is a strategic enabler for enterprise-wide transformation, and this is a vitally important consideration. turning point.
