Many companies need to upgrade their infrastructure to be ready for Gen AI

Date:
Thu, 11 Jul 2024 11:55:40 +0000

Description:
Despite widespread enthusiasm for generative AI, companies dont have the
right foundations to benefit.

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Despite growing interest and enthusiasm for generative AI, significant challenges continue to emerge that threaten the success of such projects, new research has claimed.

A report by a Hitachi Vantara of IT and business leaders across the US,
Canada and Western Europe has highlighted infrastructure as a key area for attention as GenAI projects advance.

It found an overwhelming majority (97%) now consider generative AI to be a top-five priority, even with the lack of readiness. GenAI projects rely on solid infrastructure

Ever since AI tools have been flooding the market over the past two years, countless studies have highlighted the technologys immense reliance on strong data foundations, and while this continues to be accurate, Hitachi says that companies arent paying enough attention to their infrastructure.

Alarmingly, only one in three (37%) believe that their infrastructure and
data ecosystem is well-prepared.

Moreover, fewer than half (44%) of organizations have a well-defined and comprehensive policy for GenAI, three in five (61%) agreed most users dont know how to capitalize on the tech, and half (51%) share concerns about a
lack of skilled employees.

Hitachi Vantara CTO Ayman Abouelwafa summarized: Enterprises are clearly jumping on the GenAI bandwagon, which is not surprising, but its also clear that the foundation for successful GenAI is not yet fully built to fit the purpose and its full potential cannot be realized.

With automation and optimization (37%), predictive analytics (36%) and fraud detection (35%) emerging as key drivers for GenAI adoption, companies
continue to worry about privacy and compliance (81%) and data quality issues (77%), both of which can be addressed by strategic and correct foundations, including suitable infrastructure. More from TechRadar Pro Businesses aren't investing in good enough technology, and employees are voting with their feet Weve rounded up a list of the best cloud hosting providers Try out the and best AI writers around today



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Link to news story: https://www.techradar.com/pro/many-companies-need-to-upgrade-their-infrastruct ure-to-be-ready-for-gen-ai


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