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S&P Global Market Intelligence's New Outlook Report Finds Enterprise Adoption of Generative Artificial Intelligence at an Inflection Point

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S&P Global Market Intelligence has released a report highlighting that generative artificial intelligence (GenAI) adoption is at an inflection point. According to their research, 18% of organizations have fully integrated GenAI, marking a 5-point increase in 6 months. The report identifies data quality and budget constraints as primary causes of AI project failures. Venture funding in GenAI has reached $20 billion in the first three quarters of 2024, with several startups achieving unicorn status before product launch.

S&P Global Market Intelligence ha pubblicato un rapporto che mette in evidenza come l'adozione dell'intelligenza artificiale generativa (GenAI) sia arrivata a un punto di svolta. Secondo la loro ricerca, il 18% delle organizzazioni ha completamente integrato il GenAI, segnando un incremento di 5 punti in 6 mesi. Il rapporto identifica la qualità dei dati e le limitazioni di budget come le principali cause dei fallimenti dei progetti di intelligenza artificiale. Il finanziamento di venture capital nella GenAI ha raggiunto 20 miliardi di dollari nei primi tre trimestri del 2024, con diverse startup che hanno raggiunto lo status di unicorno prima del lancio del prodotto.

S&P Global Market Intelligence ha publicado un informe destacando que la adopción de la inteligencia artificial generativa (GenAI) está en un punto de inflexión. Según su investigación, el 18% de las organizaciones ha integrado completamente GenAI, lo que representa un aumento de 5 puntos en 6 meses. El informe identifica la calidad de los datos y las restricciones presupuestarias como las principales causas de los fracasos en los proyectos de IA. La financiación de capital de riesgo en GenAI ha alcanzado 20 mil millones de dólares en los primeros tres trimestres de 2024, con varias startups alcanzando el estatus de unicornio antes del lanzamiento del producto.

S&P 글로벌 마켓 인텔리전스생성형 인공지능 (GenAI) 채택이 변곡점에 이르렀다는 내용을 담은 보고서를 발표했습니다. 그들의 연구에 따르면, 18%의 조직이 GenAI를 완전히 통합했으며, 이는 6개월 만에 5포인트 증가한 수치입니다. 보고서는 데이터 품질과 예산 제약이 AI 프로젝트 실패의 주요 원인으로 작용한다고 지적하고 있습니다. 2024년 첫 세 분기 동안 GenAI에 대한 벤처 자금200억 달러에 달했으며, 여러 스타트업이 제품 출시 전에 유니콘 지위를 달성했습니다.

S&P Global Market Intelligence a publié un rapport soulignant que l'adoption de l'intelligence artificielle générative (GenAI) est à un point d'inflexion. Selon leur recherche, 18% des organisations ont pleinement intégré GenAI, marquant une augmentation de 5 points en 6 mois. Le rapport identifie la qualité des données et les contraintes budgétaires comme les principales causes des échecs de projets d'IA. Le financement en capital-risque dans GenAI a atteint 20 milliards de dollars au cours des trois premiers trimestres de 2024, avec plusieurs startups atteignant le statut de licorne avant le lancement du produit.

S&P Global Market Intelligence hat einen Bericht veröffentlicht, der hervorhebt, dass die adoption von generativer künstlicher Intelligenz (GenAI) an einem Wendepunkt steht. Laut ihrer Forschung haben 18% der Organisationen GenAI vollständig integriert, was einen Anstieg von 5 Punkten in 6 Monaten bedeutet. Der Bericht identifiziert Datenqualität und Budgetbeschränkungen als Hauptursachen für das Scheitern von KI-Projekten. Die Wagniskapitalfinanzierung in GenAI erreichte in den ersten drei Quartalen von 2024 20 Milliarden Dollar, wobei mehrere Startups den Status eines Einhorns vor der Produkteinführung erlangten.

Positive
  • 18% of organizations have fully integrated GenAI, showing a 5-point increase in 6 months
  • GenAI venture funding reached $20 billion in first three quarters of 2024
Negative
  • Data quality and budget limitations identified as leading causes of AI project failures
  • Infrastructure performance issues causing AI project abandonment

Insights

The report reveals critical insights into enterprise GenAI adoption trends and challenges. The 18% full integration rate across organizations, with a 5-point increase in just 6 months, signals rapid market acceleration. More telling is the $20 billion in venture funding for GenAI startups through Q3 2024, highlighting robust investor confidence.

Data quality emerging as a top challenge alongside budget constraints points to a significant market opportunity in data management and infrastructure solutions. This creates potential tailwinds for S&P Global's data and analytics services, as enterprises seek reliable data sources and management capabilities to power their AI initiatives.

The rapid rise of foundation model startups to unicorn status pre-product indicates a speculative element in the market that warrants careful monitoring. For S&P Global, their position as a trusted data provider could strengthen as organizations prioritize high-quality data sources for AI implementation.

NEW YORK, Nov. 19, 2024  /PRNewswire/ -- S&P Global Market Intelligence has released a report today which shows the emergence of generative artificial intelligence (GenAI) is at an inflection point that has refocused enterprise priorities and stands to reshape the role of technology. The newly published Generative AI Outlook: From Hype to Value report is part of S&P Global Market Intelligence's Big Picture 2025 Outlook Report Series.

In this new report, S&P Global Market Intelligence's GenAI analysts highlighted the changes to date are only the first phase of a larger set of shifts that are driving a rethinking of the approaches to generative AI engines (Large Language Models), architectures and the data that feeds them.

"While investments in AI companies are surging, enterprises are running into challenges delivering on AI's promises. Data quality and budget limitations are the leading causes of AI project failures. Greater infrastructure maturity is needed to achieve AI benefits," said Eric Hanselman, Chief Analyst for Industry and Company Data with S&P Global Market Intelligence.

Key highlights from the report include:

  • According to 451 Research's recent Voice of the Enterprise: AI & Machine Learning, Infrastructure 2024 study, 18% of organizations currently report to have Generative AI fully integrated across their organization, a gain of 5 points in only 6 months.
  • Results from the AI and Machine Learning (ML) study show that data quality ties with budget issues as the leading cause of AI project abandonment, followed by infrastructure performance. That's an indication of the importance of building data management skills, which is new to many organizations.
  • Generative AI venture funding is also pacing at record highs, with startups securing $20 billion in capital in the first three quarters of 2024, according to data from S&P Capital IQ Pro. Hot new startups in the foundation model space led by AI pioneers have this year achieved unicorn status mere months after announcing their founding, before releasing any shippable products.

To request a copy of Generative AI Outlook: From Hype to Value, please contact press.mi@spglobal.com.

S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.

Media Contact 

Spencer Umbeck
S&P Global Market Intelligence
(303) 874-0754
Spencer.umbeck@spglobal.com or press.mi@spglobal.com

 

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SOURCE S&P Global Market Intelligence

FAQ

What percentage of organizations have fully integrated GenAI according to S&P Global (SPGI) 2024 report?

According to S&P Global Market Intelligence's report, 18% of organizations currently have Generative AI fully integrated across their organization, showing a 5-point increase in just 6 months.

How much venture funding did GenAI startups secure in 2024 according to S&P Global (SPGI)?

According to S&P Capital IQ Pro data, GenAI startups secured $20 billion in venture funding during the first three quarters of 2024.

What are the main causes of AI project failures according to S&P Global's (SPGI) 2024 report?

According to the report, data quality and budget limitations are the leading causes of AI project failures, followed by infrastructure performance issues.

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