Business Value stories
Emerging tech leaders were urged to focus on storytelling, risk and resilience as four C-suite mentors shared practical career advice in Auckland.
Most companies still plan to lift AI budgets despite surveys showing just 49% of recent projects delivered expected value.
As teams automate more software work, they risk losing the human judgement needed to decide what to build and why.
Most large companies are overspending on AI, with 59% of executives saying costs were significantly higher than expected over the past year.
By tackling integration and governance hurdles, the new engineering model aims to help enterprises move agentic AI customer service projects into production faster.
The forum will gather industrial leaders in Rio as pressure mounts to turn AI pilots into measurable gains across energy, mining and manufacturing.
Most companies in Australia and New Zealand still cannot show AI has paid for itself, with 68% saying it has not justified the spend.
Many large firms are struggling to turn AI spending into measurable returns, leaving executives with fragmented projects and unclear priorities.
The appointment gives Advania a single senior executive to scale its AI strategy as customers push to move projects from pilots into operations.
The appointment reflects rising pressure on services firms to turn AI from pilot projects into measurable gains for clients and their own operations.
The fresh cash will help the Bellevue-based software maker expand its platform as enterprises demand clearer proof that AI projects deliver business value.
Many AI pilots fade after early wins because firms lack the governance, data and skills needed to turn experiments into lasting value.
As AI agents take on bigger tasks, firms will be pushed to prove they can control them safely and justify the spending.
AI is cutting product development times at Powerweave, as the company aims for about 30% revenue growth this fiscal year.
Only 21% of Australian organisations say AI is worth more than it costs, even as most spend at least USD $500,000 a year on it.
Many still lack a clear picture of AI payback, even as half of UK CEOs say the technology has lifted productivity over the past year.
Despite rapid adoption, UK firms are struggling to turn AI spending into measurable gains, with trust and returns still out of sync.
Yet fewer than half now have an AI governance policy, as businesses pour more money into transformation projects and agentic AI.
Many Australian companies are still failing to translate rising AI budgets into measurable gains, with 37% showing no meaningful value.
Unexpected charges from AI are spreading beyond licences, with fragmented usage, token billing and shadow deployments making budgets hard to forecast.