BOSTON, MA / ACCESSWIRE / November 26, 2024 / GAI Insights, a leading industry analyst firm devoted to helping companies drive ROI with GenAI, today released the Corporate Buyers’ Guide to Enterprise Intelligence Applications. The latest research names seven emerging leaders in the competitive GenAI market. The report equips CTOs, AI leaders, and consultants with actionable insights to make informed decisions in preparation for the accelerated adoption of GenAI.
According to the report, OpenAI remains the market leader, while competitors such as Anthropic and Cohere are gaining traction. Notably, 90 percent of enterprises prefer proprietary LLM models over open-source alternatives. The firm predicts that by the end of 2025, enterprise adoption of in-production GenAI applications will surge from 5 to 33 percent.
Key Findings:
7 Emerging AI Leaders
Amazon
Anthropic
Cohere
CustomGPT
Meta
Microsoft
OpenAI
Industry Trends
GenAI budgets are exploding as companies prioritize solutions that are secure and compliant.
OpenAI remains the market share leader, but others are gaining ground.
Ninety percent of current deployments use proprietary LLMs and not open-source.
AI startups secured nearly one-third of venture funding in Q3’24.
The cost of AI computation has dropped by 240x in the last 18 months.
Enterprises are moving toward modular AI architectures and on-device small language models.
Challenges Ahead
“Enterprises are shifting from pilots to production-scale GenAI deployments at a rapid rate,” said Paul Baier, CEO of GAI Insights. “Our research highlights a growing interest in on-premise and smaller language models, reflecting organizational focus on security, control over their data, and cost management.”
The Corporate Buyers’ Guide evaluates 29 vendors across 20 dimensions, details top enterprise use cases and best practices, provides in-depth vendor profiles, and shares actionable recommendations. The guide is a critical resource for any organization looking to evaluate and purchase AI applications.
Pricing and Availability
The report is available for an individual license and includes quarterly updates for one year. Corporate licensing is also available. For more information and to purchase the report, please visit gaiinsights.com.
About GAI Insights:
GAI Insights is the leading source of independent research and analysis for enterprise AI. With a singular focus on GenAI and AI, our analysts deliver trusted insights and proven best practices. Learn more at gaiinsights.com.
Media Contact:
Traci Massaro
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617-877-1293
SOURCE: GAI Insights
