AI devours a fifth of companies’ IT budgets

According to a new study by the research firm Forrester, AI will account for 20% of corporate technology spending in 2027. At the same time, more than half of IT executives are expected to miss their return-on-investment targets, reports The Register. In the survey, 45% of AI decision-makers state that investments must yield a positive return within one year to be considered successful. At the same time, only 22% have seen a positive impact on their company’s operating profit over the past year. According to Forrester, the problems stem in part from companies investing in AI technology without