{"id":340256,"date":"2026-03-15T09:34:08","date_gmt":"2026-03-15T09:34:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/340256\/"},"modified":"2026-03-15T09:34:08","modified_gmt":"2026-03-15T09:34:08","slug":"companies-ramp-up-ai-spending-even-as-most-pilots-fail-to-deploy-lenovo-executive","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/340256\/","title":{"rendered":"Companies ramp up AI spending even as most pilots fail to deploy: Lenovo executive"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Global businesses are pouring billions into artificial intelligence amid a growing fear of missing out on enterprise AI strategies, according to Ken Wong, president of Lenovo\u2019s Solutions &amp; Services Group (SSG).<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">However, despite projections of massive financial returns, the vast majority of these initiatives were not deemed a success, he added.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Wong, whose division helps businesses build and maintain AI infrastructure, estimated more than 90 per cent of these pilots fail to reach satisfactory deployment: a failure rate that stands in stark contrast to the booming optimism around the technology.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">According to a recent report by Lenovo, which includes a survey of 3,120 tech and business leaders, 96 per cent of polled organisations said they planned to increase their AI spending over the next 12 months.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">This widespread investment is expected to drive average budget growth of more than 13 per cent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Executives are banking heavily on these investments paying off. The survey found that 93 per cent of organisations anticipated a positive return on their AI initiatives, projecting an average return of US$2.79 in value for every dollar spent.<\/p>\n","protected":false},"excerpt":{"rendered":"Global businesses are pouring billions into artificial intelligence amid a growing fear of missing out on enterprise AI&hellip;\n","protected":false},"author":2,"featured_media":340257,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,11722,166664,11225,166666,166668,166669,85,46,166663,7850,166665,28253,29489,166667,125],"class_list":["post-340256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-banking","tag-cloud-only-models","tag-customer-service","tag-enterprise-agentic-ai","tag-enterprise-artificial-intelligence-strategies","tag-hybrid-approach","tag-il","tag-israel","tag-ken-wong","tag-lenovo","tag-lenovos-solutions-services-group","tag-smart-manufacturing","tag-software-engineering","tag-ssg","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/340256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=340256"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/340256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/340257"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=340256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=340256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=340256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}