AI spending exceeds budgets at 59% of companies, Capgemini study finds
QQQ•Capgemini's study found 59% of executives said their companies spent significantly above AI budgets over the past year, with overruns averaging 24%. Two-thirds of companies that exceeded budgets suffered negative financial consequences.
1. AI budgets exceeded
Capgemini's November 12 study found that 59% of executives reported spending significantly above budget on AI over the past year. Overruns averaged 24%, and two-thirds of companies that exceeded their AI budgets suffered negative financial consequences.
2. Costs and returns
Only about one-fifth of companies measure AI returns against total deployment costs, and most cannot directly link spending to business outcomes. Cost controls have tightened at 53% of companies, while 56% of executives are confident they can anticipate future AI costs. More than three-fifths expect their companies to adopt multi-model AI strategies within a year.
