Multimodal GenAI Will Have Transformation Impact On Enterprise Applications By Enabling New Features And Functionality

Gartner Predicts that by 2027, 17% of Total Cyberattacks Will Involve Generative AI

Dubai, United Arab Emirates, September 2, 2024 –Worldwide end-user spending on information security is projected to total $212 billion in 2025, an increase of 15.1% from 2024, according to a new forecast from Gartner, Inc. In 2024, global information security end-user spending is estimated to reach $183.9 billion.

  With GenAI, There Is No One-Size-Fits-All, and Costs Aren’t as Predictable as Other Technologies

DUBAI, UAE, August 4 2024 – At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc.

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.”