enterprise innovation

AI Spending Set to Rise 52% as Retail Brands Innovate

AI Spending Set to Rise 52% as Retail Brands Innovate

NeelRatan

An IBM study predicts a 52% increase in AI spending beyond IT budgets as retail brands embrace enterprise-wide innovation. Despite progress, many enterprises struggle to achieve return on investment (ROI) from AI initiatives, prompting a shift towards open-source AI solutions for better outcomes.