1、GENERATIVE AIRADARTELECOMMUNICATIONS Generative AI Radar Telecommunications|3External Document 2024 Infosys Limited Generative AI Radar TelecommunicationsGenerative AI is still new,yet enterprises are already exploring its transformative potentialThis year will bring further developments in generati

2、ve AI as organizations familiarize themselves 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,and where it makes an impact.We looked at 3,000 companies across 12industr

3、ies: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 telecommunications compares with the rest of thepack.Automotive Consumer package goods Energy,mining

4、,or utilities Financial services Healthcare High tech Insurance Life sciences Logistics or supply chain Manufacturing Retail or hospitality Telecommunications4|Generative AI Radar TelecommunicationsExternal Document 2024 Infosys Limited Generative AI spendingGenerative AI spending is growing far slo

5、wer in telecoms than other industriesSpending by telecoms is set to grow by 32%in 2024 Telecomsspent$179 million on generative AI in 2023.This is projected to grow to$237 million in 2024.Generative AI spending growth in telecoms lags most other industries Spending on generative AI is expected to gro

6、w by only 32%in the next year.This is among lowest growth across the 12 industries wesurveyed.$0$100$200$300Spending in millions($USD)$23720232024$17932%Reported spendExpected spendTelecommunicationsRetail and hospitalityManufacturingLogistics and supply chainLife sciencesInsuranceHigh techHealthcar