Manufacturers slow Gen AI rollout on rising accuracy concerns, says study

Manufacturers are deploying planned Generative AI initiatives at a slower-than-anticipated pace on concerns around accuracy, Lucidworks said in a study on Wednesday.

The study surveyed over 2,500 leaders worldwide involved in AI technology decision-making and found that 58% of manufacturing leaders plan to increase spending on AI in 2024. This is lower than the global consensus of 63% and U.S. consensus of 69%.

In 2023, 93% of all leaders and 93% of manufacturing leaders planned to increase spending on AI.