Artificial Intelligence continues to conquer the corporate world. In the second quarter of 2024, the number of companies that decided to invest in AI increased by 177% compared to the previous year. This dramatic increase highlights how AI is quickly becoming an essential tool for business success.
AI: another boom in investments among companies
This is what emerges from the new Spend Index dthe Soldo, fintech leader in the management and control of corporate expenses, which reveals another significant figure: spending on ChatGPT has grown by an impressive 835%, confirming its ability to revolutionize business operations, reduce administrative burdens and increase team efficiency.
From the data collected by Soldo, which monitored over 18,000 corporate clients, more rapidly growing AI tools emerge. Leonardo.ai, specialized in image generation, recorded an increase in investments of 667%, while Fireflies.ai (the voice assistant that helps transcribe and take notes during meetings) saw growth of 556%. Also Otter.ai, pfor voice transcription, it recorded a +123%, while Sonix.ai (a service that offers automatic transcription, translation and subtitling of audio and video) recorded an increase of 129% compared to the previous year.
ChatGPT at +835%
Despite most AI tools has seen growth in investments, Jasper.ai (writing software) suffered a 36% decline. In contrast, Claude.ai, a direct competitor of ChatGPT in text management and writing, showed notable growth (+100%), demonstrating the dynamism of the technology market.
This year, the companies interviewed by Soldo they adopted as many as 36 new AI tools that were not in use the previous year. This data reflects the growing interest of companies in diversifying their technological arsenal and experimenting with new solutions to improve productivity and maintain a competitive advantage.
The Soldo report
According to Soldo’s Spend Index, again, the the tools most purchased by companies concern the creation of images and videos, a figure that reflects the times and costs associated with these processes. This is followed by tools for content, marketing and SEO, demonstrating that marketers remain the main users of AI.
However, finance teams appear to be more cautious in adopting Artificial Intelligencethe. According to Gartner research on AI implementation, “61% of finance functions have no plans to implement AI or are still in the initial planning phase. Only on the 9th% of financial organizations are already in the phase of using and scaling AI.”
“Artificial intelligence has the potential to be transformative business operations completely and is already having a significant impact across many departments. However, our Spend Index data highlights a clear difference between teams that are more open to experimenting with new tools and those that take a more proactive approach. traditional” – he commented Gianluca Salpietro, Head of Sales of Soldo in Italy. “With new solutions rapidly developing to support and modernize finance teams, CFOs must begin to prioritize investments in technology. It is not only a question of productivity, efficiency and well-being of the finance team, but it is also essential for business growth, as accelerating financial processes can make the difference in business development.”
