90% of generative AI pilot projects may not make it to production in 2024

Majority of the pilot projects on generative artificial intelligence (GenAI) currently being run by IT vendors may not make it to production next year due to the uncertain macro environment, according to analysts.Infosys, which has already trained 57,000 employees in GenAI and is currently working on over 90 GenAI programmes, recently said it lost an AI-related deal having a total contract value of $1.5 billion from a global client.Peter Bendor-Samuel, CEO, Everest Group, said: “We expect that 90% of the POCs (pilots) started in 2023 will not make it to production in 2024. However, the 10% which do make it will still drive a significant amount of business.”Like Infosys, Tata Consultancy Services (TCS) has 100,000 GenAI-ready employees as announced during the Q2FY24 earnings call.