Technology budgets in 2024 compared to 2023 Technology budgets in 2024 compared to 2023
Generative AI budgets in 2024 compared to 2023
Generative AI budget as percentage of total tech budget in 2024
Expected impact of generative AI on size of engineering teams
Finding AI talent is:
When it comes to LLMs, we are:
Open-source foundational models used
Closed-source foundational models used
Top challenges of getting LLMs into product
Biggest concerns about generative AI
Top considered or implemented generative AI use cases
Generative AI use cases with the highest ROI
Top divisions/functions using generative AI tools
Bottom divisions/functions using generative AI tools
Grew by 25% or more
Grew by up to 25%
Stayed flat
Shrank by up to 25%
Shrank by 25% or more
Doubled or more
Grew by 50% to 99%
Grew by up to 49%
Stayed flat
Decreased
5% or less
6% to 10%
11% to 25%
26% to 50%
More than 50%
Fewer engineers will be needed
No change
More engineers will be needed
Existing headcount can be reskilled as engineers
Harder than finding other tech talent
Similar to finding other tech talent
Easier than finding other tech talent
Leveraging open-source foundational models
Leveraging closed-source foundational models
Leveraging both open-source and closed-source foundational models
Building our own foundational models
We are not using LLMs
Llama
Mistral
Snowflake
Other
OpenAI
Anthropic
Gemini
Cohere
Other
ROI is unclear
Insufficient technical talent and time
Data is unorganized
Budget constraints/high cost of LLMs
Security concerns
Quality of the end product isn’t good enough
Insufficient resources to benchmark model performance in production
Access to talent
Accuracy/hallucinations
Cost
Data privacy
Intellectual property loss
Internal pressure to show results
Regulatory issues
Knowledge retrieval
Text summarization
Text writing (email)
Software development (code copilot)
Translation
Customer support (chatbots)
Recommendation algorithms
Knowledge retrieval
Text summarization
Marketing copywriting
Software development (code copilot)
Translation
Customer support (chatbots)
Image/video generation
Software development
Customer support
Product development
Creative/marketing
Strategy and business development
IT
Legal
Human resources
Outbound sales
Finance and accounting
Administrative
Other
Compare by Year Region Sector Stage Clear