Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption.
Vendors are adding gen AI across the board to enterprise software products, and AI developers haven’t been idle this year either. We’ve also seen the emergence of agentic AI, multi-modal AI, reasoning AI, and open-source AI projects that rival those of the biggest commercial vendors.
According to a Bank of America survey of global research analysts and strategists released in September, 2024 was the year of ROI determination, and 2025 will be the year of enterprise AI adoption.
“Over the next five to 10 years, BofA Global Research expects gen AI to catalyze an evolution in corporate efficiency and productivity that may transform the global economy, as well as our lives,” says Vanessa Cook, content strategist for Bank of America Institute.
