Digital Lifescapes

As we approach 2025, the global Artificial Intelligence (AI) market is poised for significant growth. Traditional AI spending is rising, while Generative AI (GenAI) struggles to meet lofty expectations. This apparent dichotomy presents challenges and opportunities for vendors and business leaders navigating the complex world of AI implementation. Let's explore the overall situation. Traditional AI: A Pragmatic Approach In the coming year, we expect to see a surge in traditional AI spending as enterprises seek pragmatic, ROI-driven solutions. This trend is driven by a growing recognition of the limitations and risks associated with GenAI projects, which have shown alarmingly high failure rates of 80 to 90 percent in proof-of-concept stages. The trend towards traditional AI is further supported by data from Amazon Web Services (AWS), which revealed that over 85 percent of AI projects in 2024 were not based on GenAI.  This insightful statistic underscores the continued relevance and ...

Digital Transformation has been the focal point for savvy enterprise C-suites and IT organizations hoping to gain competitive advantages by modernizing their core business processes with technology. The goal was to become a Digital Business where value creation is based on new processes, products, services, and customer experiences. Now, the Digital Business era is everywhere.  Companies are seeking new digital revenue streams while transforming operations to reduce costs and increase efficiency. For the CEOs at forward-looking organizations, 2024 will be pivotal. Digital Business Market Development According to the latest worldwide market study by IDC, spending on digital business technologies is growing while traditional investment is stagnating or even declining. Demand for digital experiences from customers, employees, partners, and suppliers is pervasive. "Digital transformation was only the first step -- to truly gain value from change, companies need to move to an innovativ...