Cognizant Positioned as Leading AI Builder with 52% of Firms Spending $10M+
Cognizant’s research finds 84% of enterprises maintain formal AI budgets and 52% invest $10M+ annually, with 91% expecting budget growth over two years. Surveyed leaders rank custom ‘AI Builder’ services—over off-the-shelf solutions—and cite regulatory concerns (33%) and ROI demonstration (31%) as top AI scaling barriers.
1. Research Methodology and Survey Sample
Survey encompassed 600 enterprise AI decision makers and 38 senior executives across the US, Germany, Singapore and Australia, collecting quantitative and qualitative insights on AI adoption preferences and challenges.
2. Key Findings on AI Budgets and Adoption Barriers
Findings show 84% of firms maintain formal AI budgets, 52% invest over $10M annually and 91% expect growth; respondents cite regulatory and compliance concerns (33%), difficulty demonstrating ROI (31%) and talent shortages (27%) as primary barriers to scaling AI.
3. Implications for Cognizant’s AI Services
Enterprises rank custom ‘AI Builder’ services—like those offered by Cognizant—above SaaS and cloud providers for full-stack AI design, integration and ongoing support, giving IT services firms a 23% trust advantage over management consultancies.