Generative AI is set to revolutionize enterprise processes and decision-making. Gartner advises that AI adoption should be seen as an enterprise initiative rather than just an IT initiative. The next 12 to 24 months are crucial for prioritizing AI ambitions and scenarios. According to Gartner, 73% of CIOs plan to increase funding for AI/ML by 2024, and 80% aim for full generative AI adoption within three years. By 2025, Gartner predicts that generative AI will be a workforce partner for 90% of organizations globally. The rise of generative AI will also lead to the need for AI Trust, Risk, and Security Management (TRiSM). Gartner predicts the emergence of machine customers (custobots) that can autonomously negotiate and purchase goods and services. Everyday AI and game-changing AI are two emerging types of AI in the enterprise. Enterprises should establish AI ambition and readiness, make AI data-ready, and implement AI-ready security. Decision intelligence is the new wave of AI application, and prompt engineering will be a critical skill as gen AI becomes more pervasive.
