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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

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

Check out the latest status of AI in the 2024 State of AI report by Retool! The report provides a realistic perspective on AI’s adoption, highlighting steady growth and stabilized sentiment. Key takeaways include: 1. While adoption is growing, it remains moderate. 2. Increasing daily use of AI tools, especially in Product and Engineering roles 3. Ongoing challenges like data security and organizational buy-in 4. High satisfaction with AI tools, with OpenAI models leading in usage Dive into the full report https://lnkd.in/gJqKFz8q #AI #TechTrends #Innovation #DataGovernance #OpenAI #Retool

🔍 Current State Findings on AI Adoption from Retool's 2024 State of AI Report: Highest Adaption might be suprising: Tech companies are leading as expected, but guess what? Financial institutions are hot on their heels! Tech Orgs have always been used to innovate & keep up with fast pacing environments, but why Finance? They’re using AI for everything from fraud detection to enhancing customer experiences with a clear focus on ROI Operational Excellence: AI is supercharging operations, risk management, and marketing. 43% of finance pros report boosted efficiency, while 42% say it’s giving them a competitive edge Future-Ready Investments: A whopping 97% of financial institutions plan to ramp up their AI investments. They’re all in on optimizing AI workflows and infrastructure. As the infrastructure is already highly available, the investments now needs to focus on the people for ideation, realization and innovation. These findings show that AI isn’t just the future; it’s happening now across all sectors and it takes leaders to enable this transition. Are you ready to ride the AI wave? #AI #Innovation #TechTrends #FutureOfWork #AIinFinance #Investinpeople

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.

AI is being treated as a magic hammer in the development community? Take a look at a report created by Retool on The State of AI. What are your thoughts? #redefiningwork #technews #AINews #talent #copilot #Chatgpt #claudeai

85.5% of AI users report productivity gains with AI... BUT 53.1% of respondents marked AI as Overrated, with numerous responses that it doesn't add value. Retool's State of AI report highlights that this is the beginning of a journey to make AI more useful, reliable, and impactful at scale.

Key Takeaways from Retool’s "The State of AI 2024" Report Retool's "State of AI 2024" report offers a comprehensive look at the current AI landscape, based on insights from ~750 tech professionals across various roles and industries. The survey explores AI sentiment, adoption rates, use cases, development challenges, and the evolving AI tech stack, providing a pragmatic view of how businesses are really building with AI and what's delivering ROI. This summary highlights the most important findings and trends from the report: 1. AI sentiment remains measured, with most considering it slightly overrated. 2. 55% of companies have built AI-powered chatbots, but there's some fatigue around this use case. 3. Top internal AI use cases: writing code/queries (42%), knowledge base Q&A (36%), and support chatbots (34%). 4. OpenAI models dominate, used by 77% of AI users. GPT-4 leads at 45%, followed by GPT-3.5 at 25%. 5. Vector databases are on the rise, with 64% of respondents using them (up from 20% in 2023). 6. Pain points in AI development: model output accuracy (39%), lack of technical expertise (38%), and data access/security (34%). 7. 60% of respondents believe AGI is likely within the next decade, with 2.7% thinking it already exists. 8. Developers need more than just better AI tech – they require executive buy-in, adequate staffing/funding, and robust data governance for successful AI projects. The report suggests a maturing AI landscape, with businesses refining their approach to AI implementation and seeking real ROI from their investments. Check full report here: https://lnkd.in/eehX5xkx #AITrends #GenerativeAI #Innovation

Great summary on how AI solutions are evolving

Another great report on the State of AI for 2024 by the team at Retool. While model output accuracy and data security continue to be the top concerns, there's been a large increase in the popularity for automating workflows. This trend highlights the growing value AI brings to internal (and external) use cases. Businesses are now more confident in deploying AI solutions to manage repetitive tasks, which frees up time for more strategic initiatives. AI is evolving from an external tool to a core component of internal business strategies. How is your organization leveraging AI? https://lnkd.in/eSaPPmkH