95 per cent of organisations are getting zero return from AI according to MIT (ft.com)

Nah. My wife is in finance at a pretty well known startup. She has been buzzing about how some AI products she's worked with have made direct impacts on her bottom line. She's been using Enterprise ChatGPT and she loves it. I think there's plenty of opportunity in places like finance where projects are limited by headcount and bandwidth, and creating features for long-tail work.

I've seen some pretty bad AI related proposals.

There's a lot of organisations in which AI using being used well either.

I think some of it is the return is hidden. Things that took people an hour now taking half that. Presentations that were bland are now improving. The fact I can do some quick analysis of some data then analyze it in a number of ways for insights makes me more efficient.

Instead of 1x you are getting 1.1x out of employees that leverage AI in some fashion. yeah it's not much but over time and enough staff that adds up and as people become more familiar with how to prompt and use ai it will become that much more of a productive and valuable tool.

IT is generally a force multiplier, not a revenue generator.