Most companies are not ready to deploy generative AI at scale because they lack strong data infrastructure or the controls needed to make sure the technology is used safely, according to the chief executive of the consultancy Accenture.
The most hyped technology of 2023 is still in an experimental phase at most companies and macroeconomic uncertainty is holding back IT spending generally, Julie Sweet told the Financial Times in an interview ahead of the company publishing quarterly results on Tuesday.
Analysts are expecting Accenture to show another big jump in revenues from generative AI projects in the three months to November 30, but at just $300mn over the previous six months they remain small compared with group sales of $64bn annually.
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