Companies are investing in AI for the long term, with a growing interest in using open-source tools to drive ROI and innovation going forward, according to a report from IBM.
This is based on a study that covered 2,413 IT decision makers (ITDMs), conducted by Morning Consult and developed in collaboration with Lopez Research, from October 30 to November 13, 2024.
Respondents were based in the United States, Canada, Mexico, Brazil, UK, France, Germany, Spain, India, Singapore, Indonesia, and South Korea.
Results show that 85% of respondents report making progress in executing their 2024 AI strategy, with nearly half (47%) already seeing positive ROI from their AI investments.
The data also confirms that using open-source tools for AI solutions may correlate to greater financial viability as 51% of surveyed companies that currently use open-source AI tools report seeing positive ROI, as compared to just 41% of those not using open source.
Nearly two-thirds (62%) of all respondents indicate they will increase their AI investments in 2025, while 48% are planning to leverage open-source ecosystems to optimise their AI implementations.
For those surveyed companies not currently utilizing open-source, two in every five say they plan to use open source for AI implementation in 2025.
“As organisations begin to implement AI at scale, many are placing greater stock in success metrics such as productivity gains, in part because traditional hard dollar ROI benefits have yet to show up on the balance sheets,” said Maribel Lopez of Lopez Research.
“Yet, companies continue to rapidly advance their AI strategies, with no sign of slowing down. Companies now recognise the value of defining specific use cases and optimizing AI projects. They are leveraging hybrid cloud strategies and open source to drive AI innovation and deliver financial returns,” said Lopez.
Findings also show that enterprises are ramping up AI investment, but with a greater strategic focus, with 89% of surveyed organisations planning to either increase or maintain their investment in AI in 2025.
Surveyed companies are focusing on specific areas for allocating their AI investments, particularly IT operations (the top focus area for 63% percent of respondents), as well as data quality management (46%) and product/services innovation (41%).
When asked what strategic changes will be made in 2025, surveyed ITDMs identify using managed cloud services (51%), hiring specialised talent (48%) and using open source (48%) among the most common ways they plan to optimise their AI investments.
Also, open source is becoming crucial to companies’ AI strategies, with three in every five ITDMs surveyed report using open-source ecosystems as an AI tool source, and more AI solutions are expected to be based on open source in the coming year (41% in 2025 vs. 37% in 2024).
Surveyed companies that use open-source ecosystems are more likely to be achieving positive ROI than those that are not (51% vs. 41%).
In addition, respondents harnessing open-source ecosystems plan to launch more AI pilots in the coming year than those that are not: 38% say they plan to launch 21+ AI pilots in 2025, compared to 26% at companies not using open source for AI tooling.
Further, organisations report successfully advancing their AI projects, but often through less traditional ROI metrics.
Among respondents, 85% of surveyed ITDMs report making progress in executing their AI strategy, while only 9% report no progress.
Faster software development (25%), more rapid innovation (23%), and productivity time savings (22%) ranked as the three most important metrics surveyed ITDMs use to calculate ROI from AI investments. Hard dollar/quantifiable savings was a distant fourth at 15%.
Nearly half (47%) of surveyed companies say they are achieving positive ROI from their AI projects; 33% say they are breaking even and just 14% say they are recording negative ROI.
