1、GENERATIVE AIRADARMANUFACTURING Generative AI Radar Manufacturing|3External Document 2024 Infosys Limited Generative AI Radar ManufacturingGenerative AI is still new,yet enterprises are already exploring its transformative potentialThis year will bring further developments in generative AI as organi

2、zations get to grips with it.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 12industries:Many companies told us they are alread

3、y 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 manufacturing compares with the rest of the pack.Automotive Consumer package goods Energy,mining,and utilities Financial services Healthcare H

4、igh tech Insurance Life sciences Logistics and supply chain Manufacturing Retail and hospitality Telecommunications4|Generative AI Radar Manufacturing External Document 2024 Infosys Limited Spending will doubleManufacturings spending growth is rapid but weaker than the overall trendManufacturings sp

5、ending isset to grow by 103%in next year The industry spent more than$1 billionon generative AI in 2023,with this projected to grow to$2.4 billion in2024.Manufacturing generative AI spendingExpected generative AI spending growth in 2024 by industrySpending in billions($USD)20232024103%Reported spend

6、Expected spend$0$1$2$3$1.2$2.4TelecommunicationsRetail and hospitalityManufacturingLogistics and supply chainLife sciencesInsuranceHigh techHealthcareFinancial servicesEnergy,mining,and utilitiesConsumer packaged goodsAutomotive32%88%103%73%36%358%135%53%164%76%65%169%IndustryExpected generative AI