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Great summary on how AI solutions are evolving

Navigating the Realities of AI: Insights from 2024 The AI landscape continues to evolve with rapid advancements, sparking both enthusiasm and skepticism across industries. As we delve deeper into how AI is being harnessed in real-world scenarios, it’s clear that pragmatic insights are crucial. Perceptions and Realities In 2024, tech professionals maintain a balanced view of AI, acknowledging its potential while cautioning against inflated expectations. The hype surrounding AI often overshadows its current capabilities, with many noting the indiscriminate use of terms like "AI" for everything from machine learning to automation. Adoption and Impact Despite media narratives, true AI adoption remains moderate, with only about 30% of organizations leading the charge. Reports indicate that while AI tools are being integrated, transformative impacts are still in early stages, averaging a moderate impact score of 6.7 out of 10. Investment and Productivity There’s a growing consensus for increased investment in AI across roles and industries. Leaders in Product and Engineering are leveraging AI tools daily, correlating with significant productivity gains reported by users. This underscores AI’s potential as a strategic tool rather than a mere technological novelty. Beyond Chatbots While AI-powered chatbots dominate customer interactions, there’s a notable shift towards exploring broader AI applications. The industry is keenly observing how these technologies evolve beyond initial use cases to drive more substantial business outcomes. #consulting #consultingswitzerland #selfconfidence #careeradvice #coaching #AI #ArtificialIntelligence #TechTrends Reas more: https://lnkd.in/ef4Ceahu

Navigating the Realities of AI: Insights from 2024 The AI landscape continues to evolve with rapid advancements, sparking both enthusiasm and skepticism across industries. As we delve deeper into how AI is being harnessed in real-world scenarios, it’s clear that pragmatic insights are crucial. Perceptions and Realities In 2024, tech professionals maintain a balanced view of AI, acknowledging its potential while cautioning against inflated expectations. The hype surrounding AI often overshadows its current capabilities, with many noting the indiscriminate use of terms like "AI" for everything from machine learning to automation. Adoption and Impact Despite media narratives, true AI adoption remains moderate, with only about 30% of organizations leading the charge. Reports indicate that while AI tools are being integrated, transformative impacts are still in early stages, averaging a moderate impact score of 6.7 out of 10. Investment and Productivity There’s a growing consensus for increased investment in AI across roles and industries. Leaders in Product and Engineering are leveraging AI tools daily, correlating with significant productivity gains reported by users. This underscores AI’s potential as a strategic tool rather than a mere technological novelty. Beyond Chatbots While AI-powered chatbots dominate customer interactions, there’s a notable shift towards exploring broader AI applications. The industry is keenly observing how these technologies evolve beyond initial use cases to drive more substantial business outcomes. #consulting #consultingswitzerland #selfconfidence #careeradvice #coaching #AI #ArtificialIntelligence #TechTrends Reas more: https://lnkd.in/enAVrnE9

Curious about the real impact of AI in today's tech landscape? This comprehensive report by Retool dives into the heart of the matter with ~750 tech professionals—developers, data teams, and leadership across various industries—to get past the hype and explore what's actually working. In a rapidly evolving industry filled with excitement and scepticism, this report focused on the practical side of AI. Are we moving beyond demoware and standardized models to deliver tangible ROI? How effective are today's AI stacks in solving real-world challenges? And in the era of chatbots, are businesses truly thriving? Read the full report to get insights and perspectives from those at the forefront of AI development. Let's navigate through the noise and uncover where AI is making a meaningful impact. Full report link: https://lnkd.in/d-QGMJqT #AI #TechInnovation #BusinessImpact #DataScience #GenerativeAI #LLM

Check out Retool's most recent State of AI report for some fun (and smart) insights on what's going on in the world of AI through the developer lends. We interviewed 700+ developers and tech leaders and asked about their AI stacks, use cases, challenges, and more. Give it a read.

The report, based on responses from around 750 tech professionals, indicates a measured sentiment towards AI, with a recognition of its potential alongside an awareness of its limitations and hype. While AI adoption is growing, it is not as explosive as media narratives suggest, with a significant portion of companies still in the early stages of maturity. Leadership is keen on investing in AI, particularly in smaller and larger companies, with Product and Engineering teams leading daily AI tool usage. The report also notes the prevalence of chatbots, the nuanced impact of AI on jobs, and the varying degrees of satisfaction with AI stacks across industries. There is a clear trend towards customizing AI models, with a focus on fine-tuning and bias mitigation, and a significant uptick in the use of vector databases. However, challenges remain, including data security, resource allocation, and the correct use of GPUs. Overall, the report suggests a maturing landscape where developers and businesses are learning to navigate and leverage AI technology effectively.  https://lnkd.in/e2AEzncW

Quite a few interesting insights into AI adoption in business in the report: https://lnkd.in/dRexHH8W The leaders of small businesses with 50-99 employees were most inclined to increase AI usage (50%), followed by companies with more than 5000 employees (45%). Survay: 730 people in April 2024. Breakdown by company size: 1-99 employees (59.3%), 100-999 employees (28.1%), 1000+ employees (12.6% of respondents Thank you Hung Lee and Stefan Welack for sharing :)

📊 **_The State of #AI in 2024: Reality Check and Promising Future_** 🚀 The latest State of AI report from Retool offers a pragmatic view of AI adoption and impact in 2024. Here are the key insights: 🔹 Sentiment and Adoption: 1️⃣ AI still seen as slightly overrated across roles 2️⃣ 30% of companies consider themselves "running" or "flying" in AI adoption 3️⃣ Only 4.5% feel their company is overinvesting in AI 🔸 Usage and Productivity: 1️⃣ 74% use AI tools at least weekly, with 56.4% nearing daily use 2️⃣ Product and Engineering lead in daily adoption (68% and 62.6%) 3️⃣ 64.4% of daily users report significant productivity improvements 💡 **Highlights:** • OpenAI models dominate, with GPT-4 leading at 45% usage • Vector DBs on the rise, used by 63.6% of respondents • 17.7% of companies building their own AI models 🔑 **Takeaways:** • AI adoption is maturing, moving beyond hype to real use cases • Chatbots popular but not the only focus; internal use cases show promise • Challenges remain in model accuracy, data security, and bias mitigation The AI landscape is evolving rapidly, with businesses finding practical applications amidst the hype. As the technology matures, we can expect more innovative use cases and improved ROI. ➡️ Full Report ➡️ https://lnkd.in/dBZBDE8D #ArtificialIntelligence #TechTrends #AIAdoption #DataScience #MachineLearning If you like this Content 𝑭𝑶𝑳𝑳𝑶𝑾 ➡ Edgar and 🔔 for notifications | LIKE 👍 | 𝑹𝑬𝑷𝑶𝑺𝑻 🔄 | 𝑪𝑶𝑴𝑴𝑬𝑵𝑻 💬. Thanks 🙏!

The headlines scream about #AI taking over the world, but what's the real story?  The latest State of #AIReport by Retool dives in, based on insights from over 750 developers. Here's the truth: - #AIAdoption is soaring, but it's early days. Companies are embracing AI to streamline workflows and boost productivity; however, we are slowly reaching peak automation. - Developers love their AI copilot tools. Everyday tasks are getting a lift thanks to AI assistance. - Beyond chatbots: The #FutureOfAI is full of possibilities! Developers are getting creative and exploring new, innovative use cases. - We're addressing challenges like bias and fairness. Building a more equitable AI future for all is a priority. The hype is real, but so is the potential. There are challenges to address, but the future of AI is bright. Discover all the details by going through the full report. #ArtificialIntelligence #AIInnovation #GenerativeAI #DataDrivenInsights #FutureOfWork #AIResearch #KaamshaTech

The State of AI Report 2024 - solid read.