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1、GENERATIVE AIRADARHIGH TECH Generative AI Radar High tech|3External Document 2024 Infosys Limited Generative AI Radar High techGenerative AI is still new,yet enterprises are already exploring its transformative potentialThis year will bring further developments in generative AI as organizations get

2、to grips with this transformative technology.So where are they now?Through this study we aimed to uncover how companies use generative AI,how much they spend on it,how its being rolled out in organizations large and small,and where it makes an impact.We looked at 3,000 companies across 12 industries

3、:Many companies told us they are already spending significant sums of money-and are set to spend more this year.However,this pattern isnt the same across sectors.In this data book we highlight how high tech compares with the rest of the pack.Automotive Consumer package goods Energy,mining,or utiliti

4、es Financial services Healthcare High tech Insurance Life sciences Logistics or supply chain Manufacturing Retail or hospitality Telecommunications4|Generative AI Radar High techExternal Document 2024 Infosys Limited Spending will more than doubleHigh tech in the top third of sectors for spending gr

5、owthHigh techs spending isset to grow by 135%in next year Hightech spent more than$1 billionon generative AI in 2023,with this projected to grow to$2.5 billion in2024.This growth is the fourth highest across all 12 industries we sampled.Generative AI spending:High tech industry spendingExpected gene

6、rative AI spending growth in 2024 by industryReported spendExpected spendSpending in millions($USD)135%$0$1000$2000$3000$2,533$1,08020232024TelecommunicationsRetail or hospitalityManufacturingLogistics or supply chainLife sciencesInsuranceHigh techHealthcareFinancial servicesEnergy,mining,or utiliti