Exploring Generative AI Adoption Trends and Challenges in 2024: A BigID Research Study

BigID, a leader in AI-augmented data security, compliance, and privacy solutions for modern enterprises, has recently released a groundbreaking research study titled “The 2024 Global Report on Generative AI: Breakthroughs & Barriers.” This exclusive report, commissioned by BigID as an SAP Endorsed App partner, delves into the adoption, challenges, and outlook for organizations utilizing generative AI in 2024.

The study reveals that a staggering 83% of organizations are actively embracing or preparing for generative AI, highlighting the growing importance of AI technologies in today’s business landscape. However, more than two-thirds of organizations rank data security risks as their top concern when it comes to AI adoption, underscoring the critical need for robust security measures in place.

According to the report, 50% of organizations consider data security to be the number one challenge when implementing AI, with nearly half experiencing adverse business outcomes such as data breaches. Additionally, 73% of surveyed organizations lack full confidence in meeting future AI regulations, indicating a pressing need for enhanced compliance measures.

Stephen Gatchell, BigID’s Sr. Data Advisory Director, emphasizes the importance of prioritizing data security in the age of generative AI. He notes, “Generative AI offers tremendous opportunities for innovation and growth. However, organizations must apply strong security, privacy, risk management, and compliance controls to the data that fuels these AI models to unlock their full potential while mitigating associated risks.”

The study provides actionable solutions to strengthen data security, privacy, management, and compliance in the era of AI. Organizations can access an exclusive copy of the report and learn more about AI adoption trends by visiting BigID at RSAC from May 6-9.

BigID’s research, conducted in collaboration with YouGov, surveyed 327 IT decision-makers and influencers from organizations worldwide to gather insights on the adoption of generative AI. To access the full “2024 Global Report on Generative AI: Breakthroughs & Barriers,” visit https://home.bigid.com/generative-ai-breakthroughs-barriers.

About BigID:
BigID is a trailblazer in data security and compliance solutions for the public and private cloud, empowering organizations to proactively discover, manage, protect, and derive value from their data assets. Recognized for its innovative data intelligence solutions, BigID has received numerous accolades, including CNBC’s Top 25 Startups for the Enterprise and Forbes Cloud 100. To learn more about BigID and its data-centric security offerings, visit https://bigid.com.

SOURCE: BigID

This comprehensive study sheds light on the challenges and opportunities associated with generative AI adoption, providing valuable insights for organizations looking to leverage AI technologies effectively and responsibly in 2024.