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๐๏ธ ๐ฆ๐๐ฎ๐๐ฒ ๐ผ๐ณ ๐๐ป๐๐ฒ๐ฟ๐ฝ๐ฟ๐ถ๐๐ฒ ๐๐ ๐ฎ๐ฌ๐ฎ๐ฐ: ๐๐ป๐๐ต๐ฟ๐ผ๐ฝ๐ถ๐ฐ ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐๐ฝ ๐ข๐ฝ๐ฒ๐ป๐๐, ๐๐ด๐ฒ๐ป๐๐ ๐ฟ๐ฎ๐บ๐ฝ ๐๐ฝ ๐๐ผ ๐ญ๐ฎ% ๐ผ๐ณ ๐๐๐ฒ-๐ฐ๐ฎ๐๐ฒ๐, ๐ผ๐ฝ๐ฒ๐ป ๐บ๐ผ๐ฑ๐ฒ๐น๐ ๐บ๐ฎ๐ธ๐ฒ ๐ญ๐ต% ๐ผ๐ณ ๐๐๐ฎ๐ด๐ฒ
Menlo Ventures surveyed 600 enterprise IT decision-makers for their 2024 report. They reveal that AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023!
Companies are shifting from experimentation to serious implementation.
๐ท Top enterprise use cases by adoption:
โฃ Code copilots (51%)
- GitHub Copilot hit $300M revenue run rate
โฃ Support chatbots (31%)
โฃ RAG (28%)
โฃ Data extraction/transformation (27%)
โฃ Meeting summarization (25%)
๐ Market dynamics:
โฃ OpenAI's enterprise share dropped from 50% to 34% ๐
โฃ Anthropic doubled presence from 12% to 24% ๐
โฃ Open-source makes up 19% of usage ๐ค
๐ฌ Implementation challenges:
โฃ 26% failed due to unexpected implementation costs
โฃ 21% failed due to data privacy issues
โฃ 18% failed due to disappointing ROI
โฃ 15% failed due to hallucinations
Read the full report here ๐ https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/
Menlo Ventures surveyed 600 enterprise IT decision-makers for their 2024 report. They reveal that AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023!
Companies are shifting from experimentation to serious implementation.
๐ท Top enterprise use cases by adoption:
โฃ Code copilots (51%)
- GitHub Copilot hit $300M revenue run rate
โฃ Support chatbots (31%)
โฃ RAG (28%)
โฃ Data extraction/transformation (27%)
โฃ Meeting summarization (25%)
๐ Market dynamics:
โฃ OpenAI's enterprise share dropped from 50% to 34% ๐
โฃ Anthropic doubled presence from 12% to 24% ๐
โฃ Open-source makes up 19% of usage ๐ค
๐ฌ Implementation challenges:
โฃ 26% failed due to unexpected implementation costs
โฃ 21% failed due to data privacy issues
โฃ 18% failed due to disappointing ROI
โฃ 15% failed due to hallucinations
Read the full report here ๐ https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/