Top Gen AI Concerns Among Businesspeople
Lucidworks surveyed over 2,500 business leaders involved in AI decision-making to uncover the 2024 reality of generative AI adoption. While enthusiasm remains high, our study reveals a notable slowdown in spending, with only 63% of companies planning to increase AI investments in the next 12 months (compared to 93% in 2023).

Job Displacement
2023 5% | 2024 9%

Data Security
2023 17% | 2024 46%

Decision Transparency
2023 9% | 2024 35%

Response Accuracy
2023 7% | 2024 36%

Implementation Cost
2023 3% | 2024 43%

Spending Plans Vary by Industry
Plans to Increase AI Spend Next 12 Months:

Financial Services 70%
B2B 68%
B2C Retail 64%
Entertainment and Media 63%
Energy 56%
Transportation 54%
Healthcare 51%
Hospitality 50%
Real Estate 42%

Source: https://lucidworks.com/ebooks/2024-AI-benchmark-survey/

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