Technology

GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics

Published

2 years ago

November 11, 2024

Global companies currently allocate 26% of their total data and analytics budget to GenAI, and are expecting to increase this budget by 22% in the next three years.1North America and the EU have the lowest proportion of analytically mature companies (51%), outpaced by Asia and ANZ (56%), and Central and South America (57%).

CHICAGO, Nov. 11, 2024 /PRNewswire/ — Leading global management consultancy Kearney has today released its 2024 Global AI Assessment (AIA), which finds that just 4% of global businesses qualify as “leaders” in AI and analytics—including in their approach to generative AI.

The study surveyed more than 1,000 leaders from 12 industries and 25 countries in mid-2024, ranking their maturity in AI and analytics processes, particularly the new technologies surrounding AI.

Investing in AI for growth

Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.

More than three-quarters of organizations (77%) anticipate that GenAI will improve customer experience and believe it will boost future revenue by making processes more efficient (76%), helping them make better decisions. With these benefits in mind, global companies have increased their GenAI budgets by 22% in the past year, and GenAI now constitutes more than a quarter (26%) of their total data and analytics budgets.

Struggling to keep pace

While AI’s ability to increase revenue and improve efficiency is widely recognized, many companies are still struggling to keep up:

A third of businesses (33%) have not yet started implementing GenAI technologies, or identified use cases.More than half (51%) of companies have immature AI and analytics capabilities.These organizations may have developed strategies and identified use cases for analytics and AI, but they are struggling to build, scale, and sustain the necessary capabilities.Most companies still lack the AI and analytics capabilities needed for meaningful results—45% cited a lack of technical expertise as a major barrier to GenAI adoption, leaving a large portion of businesses unable to fully leverage AI’s advantages.

Emerging AI leaders

Encouragingly, an almost equal percentage of companies (49%) enjoy more mature AI and analytics capabilities, with 4% established as leaders. These leaders demonstrate advanced AI integration, with 47% adopting AI-specific governance tools compared to 3% of laggards. Additionally, 72% of AI and analytics initiatives in the “leaders” category are supported by the C-suite, showcasing their competitive advantage and readiness for the next evolution in AI.

Bharath Thota, partner at Kearney, said:

“These findings reveal a critical divide. Many businesses are lagging behind, stuck with immature AI capabilities, struggling with disjointed data, and missing out on its benefits as a result. It’s time for these companies to act—falling behind is not an option in this fast-evolving landscape.

“By comparison, for the successful companies, a strong AI and analytics strategy is inseparable from business outcomes and demands continuous tracking for tangible results, which ultimately sets them apart from the competition.”

Ramyani Basu, partner at Kearney, added:

“AI will not replace humans, but it will fundamentally change the way we work, promising a revolution greater than the Internet. But remember, this is like 1995, not 2005; we are at the start of the AI journey, and like the early years of the Internet, we must be data-informed, leveraging human creativity to expand AI’s capabilities.

“AI adoption requires a cultural shift toward experimentation. Companies need to prioritize agility, embrace failures, and concentrate on practical, real-time results to adapt and sustain growth. Now, with GenAI taking AI to the next level, the opportunities for companies to leverage data to drive innovation and competitive advantage are virtually endless.”

Read the full 2024 Global AI Assessment (AIA) here.

Notes to editors

This report was developed using a comprehensive survey administered to a representative sample of executives at more than 1,000 organizations across six industry clusters and over 20 countries globally. The survey was designed to establish a market-leading AI and analytics benchmark, enabling companies to understand the state of AI and analytics practices in their organization, how they compare with their peers, and what they can do to move forward.

About Kearney  
Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone.
www.kearney.com

Press contact

US media contact:
Meir Kahtan
MKPR
mkahtan@rcn.com
+1 917-864-0800

1 Increase in budget as a percentage of analytics budget

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SOURCE Kearney

Technology

Asian Hall of Fame Heritage Gala Highlights Impactful Legacy

Published

4 hours ago

May 13, 2026

Benefit supported Women In Tech, Entertainment, Science & Sports Scholars

LOS ANGELES, May 13, 2026 /PRNewswire/ — Global ambassador Asian Hall of Fame highlighted positive messages of interracial synergy with its Heritage Gala on May 1, 2026 at the iconic Biltmore Los Angeles. CBS LA Anchor Suzie Suh served as Master of Ceremonies of the festive Asian Heritage Month celebration brought to life by vibrant heritage costumes representing Asia, Latin America, and the U.S. Virgin Islands. The intergenerational benefit funded Women In Tech, Entertainment, Science & Sports (WinTESS) scholarships for 103 applicants from all racial backgrounds.

Guests from California, Washington, Oregon, Hawaii, and New York applauded the Class of 2026 Official Announcement, including Asian Hall of Fame’s first-ever Major League Baseball Inductee Hideo Nomo, nominated by the Los Angeles Dodgers, and DTLA muralist Robert Vargas as Goodwill Ambassador.

Dedicated San Marino philanthropist and Board of Governors Chairwoman Melinda Rogers was honored as the 2026 Woman of the Year, with a moving speech presented by her younger brother William Rogers. Chairwoman Rogers highlighted the endearing impact of family, and delighted audiences with her custom Korean hanbok, designed alongside Anna Kim at her Koreatown boutique.

Distinguished philanthropist Loida Nicolas Lewis (Inductee 2007) shared an inspiring fireside chat with stories of family legacy and community empowerment. Guests received commemorative autographed memoirs, and complimentary gifts from Nan Yang Delight and SUP. Inductees in attendance were Marc Anthony Nicolas, Kristen Lui, incoming Inductees Kitty Lo and Maggie Tseng, Official Design Partner of the 2026 Season.

The dramatic Heritage Costume Show, sponsored by Meridien Vacation Homes, presented pageant holders including a Rose Pageant Princess, Miss Asia USA, Miss Teen Latina Global, Hi-Teen USA, Miss International U.S. Virgin Islands, Miss Taiwanese American, and Mrs. Asia Glamour.

Maki Mae performed from her upcoming album release with pianist Jason Lo and cellist Ryan Phipps. Walter Nishinaka and Los Angeles Taiko Collective kicked off raffle drawings, including an 18-carat gold ring donated by long-standing supporter Vartan Kazanjian, owner of Estate Jewelers of South Pasadena.

ABOUT ASIAN HALL OF FAME
Established in 2004, Asian Hall of Fame strengthens interracial synergy by advancing mainstream recognition of Asian and Native legacy. Inductees include Connie Chung, Kristi Yamaguchi, Margaret Cho, amongst others. Contact: press@asianhalloffame.org, (626) 600-9418, www.asianhalloffame.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/asian-hall-of-fame-heritage-gala-highlights-impactful-legacy-302771594.html

SOURCE Asian Hall of Fame

Technology

Notice of Data Privacy Incident

Published

4 hours ago

May 13, 2026

MOUNT STERLING, Ill., May 13, 2026 /PRNewswire/ — Brown County

Brown County, Illinois provides notice of a data privacy incident involving personal information of certain county constituents and staff.

What Happened? On April 3, 2025, we received alerts of unusual activity in one of our email accounts. We launched an immediate investigation, and retained independent cyber incident response specialists to assist. The investigation determined that two email accounts experienced unauthorized access. We have no evidence of fraud or identity theft from this incident.

What Information Was Involved. The information involved varied by individual, and may have included a first and last name along with a Social Security number, driver’s license number, government issued identification number, medical information, or health insurance information.

What We Are Doing. In addition to the above, we are offering complimentary credit monitoring and identity protection services to individuals whose Social Security numbers were believed to be involved.

What You Can Do. Generally, it is best practice to remain vigilant for incidents of identity theft and fraud from any source by reviewing your account statements and credit reports for suspicious activity and errors. If you discover any suspicious or unusual activity, promptly contact your financial institution or service provider.

Individuals are entitled to one free credit report annually from each of the three major credit reporting bureaus, TransUnion, Experian, and Equifax. To order a free credit report, visit www.annualcreditreport.com or call 1-877-322-8228.

Individuals may further learn about identity theft, fraud alerts, credit freezes, and the steps to take to protect personal information by contacting the credit reporting bureaus, the Federal Trade Commission (FTC), or state Attorneys General. The FTC encourages those who discover that their information has been misused to file a complaint with them. It may be reached at 600 Pennsylvania Ave. NW, Washington, D.C. 20580; www.identitytheft.gov; 1-877-ID-THEFT (1-877-438-4338); and TTY: 1-866-653-4261.

For More Information, you may contact us at 1-800-405-6108, Monday through Friday, 8:00 a.m. to 8:00 p.m. EST for further assistance.

View original content:https://www.prnewswire.com/news-releases/notice-of-data-privacy-incident-302771596.html

SOURCE Kennedys CMK LLP

Technology

SharkNinja Set to Join S&P MidCap 400; Flowers Foods and F&G Annuities & Life to Join S&P SmallCap 600

Published

4 hours ago

May 13, 2026

NEW YORK, May 13, 2026 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, S&P SmallCap 600:

SharkNinja (NYSE: SN) will replace Flowers Foods Inc. (NYSE: FLO) in the S&P MidCap 400, and Flowers Foods will replace CSG Systems Intl Inc. (NASD: CSGS) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 18. NEC Corporation (TSE: 6701) is acquiring CSG Systems Intl in a deal expected to close soon, pending final closing conditions.F&G Annuities & Life Inc. (NYSE: FG) will replace Mister Car Wash Inc. (NASD: MCW) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 19. Leonard Green & Partners L.P. is acquiring Mister Car Wash in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

May 18, 2026

S&P MidCap 400

Addition

SharkNinja

Consumer Discretionary

May 18, 2026

S&P MidCap 400

Deletion

Flowers Foods

FLO

Consumer Staples

May 18, 2026

S&P SmallCap 600

Addition

Flowers Foods

FLO

Consumer Staples

May 18, 2026

S&P SmallCap 600

Deletion

CSG Systems Intl

CSGS

Industrials

May 19, 2026

S&P SmallCap 600

Addition

F&G Annuities & Life

Financials

May 19, 2026

S&P SmallCap 600

Deletion

Mister Car Wash

MCW

Consumer Discretionary

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/sharkninja-set-to-join-sp-midcap-400-flowers-foods-and-fg-annuities–life-to-join-sp-smallcap-600-302771602.html

SOURCE S&P Dow Jones Indices