AI will be the fall and rising of many

Scott Raynovich’s article highlights a growing tension in tech: enterprises are bullish on AI, but budgets are getting squeezed elsewhere to fund it. I’ve personally seen this—companies feel the pressure to invest in generative AI, but the ROI remains murky.

Executives are stuck between the fear of falling behind and the reality that AI adoption is still in its infancy. The question isn’t just whether AI will be transformative (it likely will be), but when and how we’ll see measurable gains. Meanwhile, traditional tech budgets—infra, consulting, and staffing—are taking the hit.

This cycle isn’t new. I’ve seen waves of technology hype before—cloud, big data, IoT—and each followed a similar pattern: initial excitement, over-investment, disillusionment, and then real value creation. Hell, in some ways this reminds me of the dot com bubble of the 1990’s. AI is no different. The winners will be those who balance strategic investment with pragmatism, ensuring core operations remain strong while AI capabilities mature.

For leaders, the challenge isn’t just funding AI but making sure it actually delivers. Are you seeing tangible productivity gains, or is AI still more of a promise than a reality in your organization? Let’s discuss.

https://www.forbes.com/sites/rscottraynovich/2024/10/25/tech-budget-pressures-highlight-growing-ai-hype-gap/

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