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Generative AI grows 17% in 2024, but data quality plummets: Key findings from Appen’s State of AI Report
Appen’s 2024 State of AI report reveals surging generative AI adoption, but companies face growing challenges with data quality, bottlenecks, and declining ROI in AI deployments.
Si Chen, Head of Strategy at Appen, explained in an interview with VentureBeat: “As AI models tackle more complex and specialised problems, the data requirements also change,” she said. The adoption of generative AI (GenAI) has grown by an impressive 17% in 2024, driven by advancements in large language models (LLMs) that allow businesses to automate tasks across a wide range of use cases. Similarly, the mean percentage of deployed projects showing meaningful ROI has fallen to 47.3%, reflecting the growing challenges businesses face in achieving successful AI implementations.
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