A whopping 3% of boardroom execs spy productivity and costs savings from AI

Three-quarters of corporate board members expect AI to deliver productivity gains and cut costs, yet only three percent of organizations have hit their targets, according to researchers at Gartner.

The figures came out of the analyst’s HR Symposium, where it also reported that 38 percent of companies are over budget on AI spending, and 85 percent still plan to spend even more next year.

"Ultimately, organizations will not generate cost savings from AI at this point," said CV Viverito, senior director analyst for Gartner's HR practice. "The greater opportunity is to use AI to do things that weren't possible before, such as shifting employee time into new capabilities, outcomes, and sources of growth."

Gartner claims that at least 75 percent of biz leaders are out of step with the broader organization on where AI creates value, which stalls transformation efforts and muddies how to position the workforce and bag those returns.

Organizations should concentrate AI on the work that matters …