Gartner Predicts that Over 80% of Enterprises Will Use Gen AI by 2026

IBL News | New York

By 2026, over 80% of enterprises will be using Gen AI applications in production environments and/or have APIs and models, predicted Gartner, Inc.

Demand is especially increasing in healthcare, life sciences, legal, financial services, and the public sector.

Three innovations projected to have a huge impact on organizations within ten years include GenAI-enabled applications, foundation models, and AI trust, risk, and security management.

• “The most common pattern for GenAI-embedded capabilities today is text-to-X, which democratizes access for workers, to what used to be specialized tasks, via prompt engineering using natural language,” said Arun Chandrasekaran, VP Analyst at Gartner.

• “However, these applications still present obstacles such as hallucinations and inaccuracy that may limit widespread impact and adoption.”

• “Foundation models are an important step forward for AI due to their massive pretraining and wide use-case applicability.”

• “Foundation models will advance digital transformation within the enterprise by improving workforce productivity, automating and enhancing customer experience and enabling cost-effective creation of new products and services.”

“Organizations that do not consistently manage AI risks are exponentially inclined to experience adverse outcomes, such as project failures and breaches. Inaccurate, unethical, or unintended AI outcomes, process errors, and interference from malicious actors can result in security failures, financial and reputational loss or liability, and social harm.”