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Nine out of ten companies explore AI, but only 10% generate value
🇦🇷 Argentina /Technology

Nine out of ten companies explore AI, but only 10% generate value

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Nearly nine out of ten companies are exploring artificial intelligence, but only 10% are generating tangible value from its implementation.
  • The rapid growth of generative AI is transforming work and daily life, with 2 billion people now using the technology.
  • Experts emphasize the need for organizations to manage vast amounts of data effectively and navigate the risks of digital crime in the AI era.

Artificial intelligence has moved beyond a mere promise to become a transformative technology reshaping both professional and personal lives. This surge occurs in an increasingly digitized world, where mobile subscriptions are widespread, internet usage is daily for most, and social media participation is common.

We must understand the world of generative artificial intelligence, which has entered our phones and computers almost without us realizing it

— Martina RuaDescribing the pervasive and rapid integration of generative AI into daily life.

Martina Rua, a journalist specializing in innovation, highlighted the dynamic nature of generative AI, noting the rapid shifts in leadership among AI platforms. "Less than four years ago, we didn't know this technology existed, and today 2 billion people use it," Rua stated. Despite this widespread adoption, only a small fraction pay for subscriptions, and an even smaller number develop AI-based systems. Rua characterized this growth as exponential rather than incremental.

Less than four years ago, we didn't know this technology existed, and today 2 billion people use it

— Martina RuaHighlighting the exponential growth and adoption of AI technology.

With data volumes exploding, currently at 175 zettabytes and projected to multiply by 12 by 2030, organizations face the challenge of managing this information effectively. Rua questioned whether companies possess a true data culture, ensuring data reliability and usefulness for decision-making, and the ability to integrate disparate databases. This data explosion is coupled with increased risks, as Rua warned of a "digital criminal renaissance," with cyberattacks becoming significantly faster and more personalized.

It is something that does not grow incrementally but exponentially

— Martina RuaEmphasizing the rapid and accelerating pace of AI development and adoption.

Despite these challenges, Rua encouraged exploration of AI. While almost 90% of companies are investigating AI's potential, only about 26% have moved from pilot tests to production. Crucially, merely 10% are realizing concrete value from their AI implementations. In Argentina, over 95% of companies are still in the exploratory phase, indicating a significant gap between interest and successful value generation.

We are living a digital criminal renaissance, in which we must disbelieve by default

— Martina RuaWarning about the increased risks and sophistication of cybercrime in the age of AI.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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