Press release
Cisco's 2024 AI Readiness Index: Urgency Rises, Readiness Falls
Second annual report shows the race to get AI right is on, with a critical focus on networking infrastructure News Summary: Leaders feel the pressure; 98%
About this update from Cisco Systems, Inc.
[{"type":"text","content":"Second annual report shows the race to get AI right is on, with a critical focus on networking infrastructure \n News Summary:\nLeaders feel the pressure; 98% report increased urgency to deliver on AI and 85% believe they have less than 18 months to act. Networks are not equipped to meet AI workloads; only 21% of companies report having the necessary GPUs to meet current and future AI demands.Only 13% say they are fully ready to capture AI's potential – down from 14% last year. SAN JOSE, Calif., Nov. 19, 2024 /PRNewswire/ -- Cisco (NASDAQ: CSCO), the worldwide leader in networking and security, today announced the findings from the second annual AI Readiness Index. The report explores how prepared organizations are to invest in, deploy and use AI. Nearly eight thousand organizations took part in the report.\n\n \n \n \n \n \n \n\n \nMost notably, the report highlights a huge chasm between the urgency companies feel to deploy AI and their readiness to do so. Nearly all companies (98%) report the urgency to deploy AI has increased in the last year. However, the research found that from 2023 to 2024, global AI readiness in the enterprise has actually declined. Only 13% of companies today are fully ready to capture AI's potential – down from 14% a year ago. Given the rapid market evolution and the significant impact AI is anticipated to have on businesses, this gap between urgency and ability is especially startling. \n\"Eventually there will be only two kinds of companies: those that are AI companies, and those that are irrelevant. AI is making us rethink power requirements, compute needs, high-performance connectivity inside and between data centers, data requirements, security and more,\" said Jeetu Patel, Chief Product Officer at Cisco. \"Regardless of where they are on their AI journey, organizations need to be preparing existing data centers and cloud strategies for changing requirements, and have a plan for how to adopt AI, with agility and resilience, as strategies evolve.\"\nKey Findings\nAlongside the finding that only 13% of companies are fully prepared to implement their AI strategies, some of the most significant findings include: \nURGENCY: Companies feel they only have 18 months to showcase the impact of AI. Nearly all (85%) companies say they only have 18 months to start demonstrating the impact of AI. More than half...