Gartner: 2024 a Planning Year for AI; Broad Impact Still Years Away
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Gartner predicts 2024 will be the "year of the plan" for AI, with real deployments not taking off until 2025. Spending increases due to AI will be minimal - just 0.005%.
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Vendors are introducing AI capabilities into existing products to help solve longstanding business problems, not to transform processes.
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Gartner disputes analyses suggesting AI will massively boost GDP growth globally. Productivity gains don't directly translate into GDP growth.
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Overall IT spending is still projected to grow a healthy 6.8% in 2024 to $5 trillion, driven by software, services, and a device rebound.
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Gartner analyst believes generative AI excitement remains overhyped versus real-world customer deployment timelines.