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- State of AI 2024: The Complete Picture + 16 FREE Industry Reports To Download
State of AI 2024: The Complete Picture + 16 FREE Industry Reports To Download
State of AI 2024: The Complete Picture + 16 FREE Industry Reports To Download


Deep-Dive Series
Reading time: 2 & 10 minutes
Hi and Welcome to the Tech A newsletter DeepDive
Over the past three weeks, I've shared detailed insights about the current state of AI implementation in businesses, drawing from my experience as a former R&D Program Manager and CTO, combined with data from 16 major industry reports covering over 3000 companies.
Here's your 3-minute executive summary of all three parts ποΈ
β‘ Your 2-Minute Summary
The Current Reality : AI can indeed bring tremendous value, but for the few that adopt the right strategy (Read Part 1 Here)
Despite massive investments, only 26% of businesses are generating tangible value from AI, of which 4% have been able to achieve significant value.
Most successful implementations see nearly 3x ROI and 30% premium on key financial metrics
62% of value comes from core business functions (operations 23%, sales 20%, R&D 13%)
Financial services, Tech/Telecom, and Industrial sectors are leading adoption
Enterprise average spend: >$1M yearly on GenAI
What differentiates the AI leaders from the Learners? (Read Part 2 Here):
70-80% of AI initiatives never move beyond the pilot phase
Success requires addressing three critical areas:
People/Process (70% of effort needed)
Technology (20%)
Algorithms (10%)
This 70-20-10 split challenges a common misconception: while many organizations focus on technical capabilities, successful AI implementation is predominantly a people and process challenge.
Main barriers: ROI measurement, talent acquisition, data quality, and system integration
Success markers: Companies that scale successfully, invest more, plan, and execute a comprehensive enterprise-level/multi-year strategy.
The Winning Playbook (Read Part 3 Here):
Start with Strategy: Follow the 10-20-70 rule (algorithms-tech-people)
Focus on High-Impact Pilots: Begin small but target core business processes. You need the initial ROI to reinvest and get executive buy in.
Build the Foundation: Invest in infrastructure and quality data. Address data challenges early, ensuring AI tools integrate seamlessly with existing systems. Prepare teams through training and process adaptations.
Scale Strategically: Form cross-disciplinary teams, establish AI Centers of Excellence, and create governance frameworks. Address gaps in technology, data, and strategy to support organization-wide scaling efforts.
Drive Adoption: AI success requires cultural change. Embed AI into workflows, reimagine processes, and foster digital literacy across teams.
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πExclusive Resource Pack
As a subscriber, you can access all 16 industry reports that formed the backbone of this analysis. These include the latest insights from BCG, McKinsey, Deloitte, IBM, Dataiku, and more.
Download Reports Here-> Link
Reports included:
BCG: Built for the Future 2024 Global Study
Accenture: Built to Scale
Deloitte State of GenAI Q3 2024
IBM Global AI Adoption Index 2024
Dataiku: AI Today
... and 11 more
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