The breakthrough capabilities of generative AI in processing human language are unprecedented.Gen AI is more than just a new technology; it is a key driver of business transformation. By thoughtfully incorporating it into their operations, companies can achieve significant financial returns, improve efficiency, and sustain growth.
Gen AI helps fuel rapid financial growth
74% of enterprises using gen AI report ROI within the first year, with 86% of those reporting increased revenue noting a 6% or more increase.
With the speed of business picking up, gen AI helps companies keep pace
84% of organizations can move a Gen AI use case from idea to production in less than six months.
This can enable CEOs to see revenue increases within a year, and it can also significantly shorten the innovation cycle and enhance agility in responding to market demands.
Shared C-level sponsorship helps maximize gen AI’s potential
91% of organizations with robust C-level support that also report increased revenue estimate a 6% or more increase.
Gen AI helps boost productivity and business performance
45% of organizations that report improved productivity have seen employee productivity double or more as a result of Gen AI, while 63% report that Gen AI has directly driven business growth. 85% of those who report an improved user experience also report measurable improvement to user engagement.
Source: Google Cloud – The ROI of Gen AI