30% of Gen AI Dropped after PoC...AI Platform Software Market to Grow by 40% CAGR...Quantum Computing Builds Momentum

30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025 — Gartner

Gartner , Inc. predicts that at least 30% of generative AI (GenAI) projects will be abandoned after the proof of concept by the end of 2025 due to poor data quality, inadequate risk controls, escalating costs, or unclear business value. Organizations are struggling to prove and realize the value of GenAI investments, even as executives are eager to see returns. Justifying the substantial investment in GenAI for productivity enhancement is challenging, as the financial benefits are not always directly apparent.

Speaking at the Gartner Data & Analytics Summit in Sydney this week, Rita Sallam , Distinguished VP Analyst at Gartner said, “After last year's hype, executives are impatient to see returns on GenAI investments, yet organizations are struggling to prove and realize value. As the scope of initiatives widen, the financial burden of developing and deploying GenAI models is increasingly felt.” Read on here .

Demand for AI Platforms Software is Forecast to Drive Remarkable Growth over the Next Five Years — IDC

The market for artificial intelligence (AI) platforms software grew at a rapid pace in 2023 and is projected to maintain its remarkable momentum, driven by the increasing adoption of AI across many industries. A new International Data Corporation ( 国际数据公司 )forecast shows that worldwide revenue for AI platforms software will grow to $153.0 billion in 2028 with a compound annual growth rate (CAGR) of 40.6% over the 2023-2028 forecast period.

"The AI platforms market shows no signs of slowing down. Rapid innovations in generative AI is changing how companies think about their products, how they develop and deploy AI applications, and how they leverage technology themselves for reinventing their business models and competitive positioning," said Ritu Jyoti , group vice president and general manager of IDC's Artificial Intelligence, Automation, Data and Analytics research. "IDC expects this upward trajectory will continue to accelerate with the emergence of unified platforms for predictive and generative AI that supports interoperating APIs, ecosystem extensibility, and responsible AI adoption at scale." Read on here .

Quantum Computing On Track to Create Up to $850 Billion of Economic Value By 2040 — BCG

波士顿谘询公司 published its forecast for the quantum computing market. Since then, both quantum technology and its classical computing counterpart have progressed in unexpected ways, altering the trajectory—though not the overall direction—of this evolving market.

In its updated analysis titled, The Long-Term Forecast for Quantum Computing Still Looks Bright, BCG reaffirms its projection that quantum computing will create $450 billion to $850 billion of economic value globally, sustaining a $90 billion to $170 billion market for hardware and software providers by 2040.

“Is quantum computing on the verge of realizing its transformative potential? The answer, at present, is mixed,” said Jean-Francois Bobier , a partner and vice president at BCG and a coauthor of the report. “While there are clear scientific and commercial problems for which quantum solutions will one day far surpass the classical alternative, it has yet to demonstrate this advantage at scale. Nonetheless, the momentum is undeniable.” Read on here .