AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023
Michael Young
Founder Data Talent Expert @ MBN Solutions | 19 Years of Executive Recruitment for Data Science, Analytics & AI | 4,000+ Successful Hires | Building & Scaling World-Class Teams 🌍
The enterprise AI landscape is being rewritten in real time. As pilots give way to production, we surveyed 600 U.S. enterprise IT decision-makers to reveal the emerging winners and losers.
From Pilots to Production
2024 marks the year that generative AI became a mission-critical imperative for the enterprise. The numbers tell a dramatic story: AI spending1 surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023—a clear signal prise AI landscape is being rewritten in real time. As pilots give way to production, we surveyed 600 U.S. enterprise IT decision-makers to reveal the emerging winners and losers.
You can read the full article here - 2024: The State of Generative AI in the Enterprise - Menlo Ventures
The state of AI in early 2024: Gen AI adoption spikes and starts to generate value
If 2023 was the year the world discovered generative AI (gen AI), 2024 is the year organizations truly began using—and deriving business value from—this new technology. In the latest McKinsey Global Survey on AI, 65 percent of respondents report that their organizations are regularly using gen AI, nearly double the percentage from our previous survey just ten months ago. Respondents’ expectations for gen AI’s impact remain as high as they were last year, with three-quarters predicting that gen AI will lead to significant or disruptive change in their industries in the years ahead.
You can read the full article here - The state of AI in early 2024 | McKinsey
Reinvention in the age of generative AI
For many companies, the next 12 to 24 months will be a moment of truth.
Among those who have invested over the years in new technologies, skills and ways of working, return on those investments has varied.
The advent of generative AI presents businesses with unparalleled potential to leapfrog their competitors. Will they seize that opportunity and accelerate their reinvention to set a new performance frontier? Or will they fall further behind in the ongoing technology revolution?
The generative AI revolution will require the board, the CEO and the entire C-suite to understand this technology at a level not previously seen — even though the digital revolution has already reshaped the C-suite to be tech literate.
This is not your average technology revolution
You can read the full article here - Reinvention in the Age of Generative AI | Report | Accenture
MBN Solutions have also been busy working AI & Data positions.
You can see all of our jobs here - Data Science / Analytics / IT Recruitment | MBN Solutions | MBN
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About me...
With over 19 years of experience in high-level recruitment, I've had the privilege of helping organisations around the world build and scale world-class data science, analytics, and AI teams.
Specialising in retained executive searches and team builds, the MBN Solutions team and I have successfully placed over 4,000 top-tier professionals in roles that are driving the future of data-led innovation.
I partner closely with forward-thinking companies to understand their strategic objectives, ensuring that each hire is not just a fit for today, but a key player for long-term growth.
My expertise spans from C-level and VP roles to Senior Data Science and AI leadership positions, delivering talent solutions that empower businesses to stay ahead in the competitive landscape.
Key Highlights
- 19 years of experience in data science, AI, and analytics recruitment
- Over 4,000 successful placements in high-impact roles
- Deep understanding of data leadership challenges and opportunities
- Partnering with organizations to build teams that drive data-led transformation
Whether you're looking to elevate your leadership team with top-tier talent or seeking your next executive opportunity, let’s connect to explore how we can work together to achieve success.
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