Rohit Jain, MBA’s Post

Artificial intelligence (AI) has become a significant topic of discussion among S&P 500 companies, especially during earnings conference calls. According to FactSet Document Search, 210 companies (42%) mentioned "AI" in their Q2 2024 earnings calls (June 15 to September 13), a substantial increase compared to the 5-year average of 88 (18%) and the 10-year average of 55 (11%). This represents the second-highest number of AI mentions in earnings calls, only slightly below the record of 211 from Q1 2024. The Information Technology sector led with 59 companies (91%) mentioning AI. Despite the focus on AI, companies that discussed AI in Q2 earnings calls have experienced a lower average stock price increase (4.1%) since June 30 compared to those that did not mention AI (6.1%). However, since the start of 2024, companies that cited AI have seen a higher average stock price gain (12.2%) versus those that did not (8.6%).

HIGHEST NUMBER OF S&P 500 COMPANIES CITING “AI” ON EARNINGS CALLS OVER PAST 10 YEARS Artificial intelligence has been a focus topic for the market. Given the heightened interest, have more S&P 500 companies than normal commented on “AI” during their earnings conference calls for the first quarter? The answer is yes. FactSet Document Search (which allows users to search for key words or phrases across multiple document types) was used to answer this question. Through Document Search, FactSet searched for the term “AI” in the conference call transcripts of all the S&P 500 companies that conducted earnings conference calls from March 15 through May 23. Of these companies, 199 cited the term “AI” during their earnings call for the first quarter. This number is well above the 5-year average of 80 and the 10-year average of 50. https://lnkd.in/gSwUB-JW

Check out John Butter’s latest #Earnings Insight 📈 ➡️ 210 S&P 500 companies cited the term "AI" on earnings calls for Q2. ➡️ This was the 2nd highest number going back at least 10 years, trailing only the previous quarter by 1. ➡️ The Information Technology sector has the highest number (59) and percentage (91%) of companies citing "AI" on Q2 earnings calls. Read it here: https://bit.ly/3TuxoRb

The latest Deloitte’s State of #GenerativeAI in the Enterprise report has just dropped, and it's a must-read. This report includes valuable insights on how companies are operationalizing #GenAI and scaling it across industries. It sheds light on both the advancements made and the challenges that enterprises are encountering. Some insights: 🚧 Scaling Challenges: While there are plenty of promising experiments, less than 30% of GenAI projects make it to full-scale deployment. 🔗 Integration and Data Management: Seamlessly integrating GenAI into business processes and enhancing data management are key to unlocking its full value. ⚖️ Regulatory and Risk Management: Navigating regulation and managing risks remain significant challenges in deploying GenAI technologies. As organizations look for GenAI to drive #innovation and boost efficiency, understanding these insights is crucial for staying ahead of the curve. Check out the full report here: https://deloi.tt/491HMoE

Unlocking the Power of Data in Manufacturing with CGI In this article Supply Chain Digital dive in to why data-driven decision-making is essential for manufacturers to thrive. With only 14% having mature data strategies, Helena Jochberger, VP at CGI shares that there is a call to action for building robust data foundations, embracing AI, and fostering strategic partnerships. These steps ensure flexibility, resilience, and sustainable growth in a volatile market. Read the full article here: https://lnkd.in/egTfGXbZ #Manufacturing #AI #Data #StrategicPartnerships

McKinsey released this article on GenAI - https://lnkd.in/gXxvmgTn 65% of companies now use #generativeAI regularly, but many have not seen significant impact yet. Companies need well-defined #operatingmodels to scale #genAI effectively, focusing on #datamanagement, #governance, and #compliance. Implementing #genAI in components allows for flexibility and alignment with business goals, though only a few companies have adopted this model. Q: Where are you in your #journey to #genAI adoption and what #benefits have your realized? Quinte Financial Technologies #dataanalytics #banks #creditunions #financialinstitutions

Increases in AI services spending present prime growth opportunities for D&A providers. Uncover how D&A and AI service provider leaders can expand their offerings for sustained success in the evolving landscape. Gartner for High Tech | #GartnerHT #TechnologyServices #Data&Analytics #GenAI

Increases in AI services spending present prime growth opportunities for D&A providers. Uncover how D&A and AI service provider leaders can expand their offerings for sustained success in the evolving landscape. Gartner for High Tech | #GartnerHT #TechnologyServices #Data&Analytics #GenAI

Increases in AI services spending present prime growth opportunities for D&A providers. Uncover how D&A and AI service provider leaders can expand their offerings for sustained success in the evolving landscape. Gartner for High Tech | #GartnerHT #TechnologyServices #Data&Analytics #GenAI