"According to Ernst & Young's latest CEO Outlook Pulse survey, three-quarters believe their organisation must act now on generative AI to avoid giving their competitors a strategic advantage. Most are already doing so, with 54% saying they've hired new talent with relevant AI skill sets, and 42% having established AI pilots and partnerships. And while 68% said uncertainty around the technology is creating challenges for adoption,"
"Three in ten, though, said they were concerned about the risk of deploying AI in their organisation. And they're finding it hard to distinguish AI hype from genuine expertise: more than three-quarters said they'd seen a sharp increase in companies claiming to be experienced in AI, and that this was making it harder to identify those that are credible. There's a level of over-optimism amongst many."
Three-quarters of UK CEOs believe organisations must act now on generative AI to avoid giving competitors an advantage. More than half have hired AI-skilled talent and 42% have established pilots or partnerships. Sixty-eight percent cite uncertainty about the technology as a barrier, while 99% plan significant capital investments in generative AI within 12 months and 51% will reallocate funds from other budgets. Thirty percent express concern about deployment risk. Over three-quarters report increased claims of AI experience among vendors, complicating credibility assessment. Firms expecting revenue decline in 2024 are furthest behind on AI adoption and investment.
Read at IT Pro
Unable to calculate read time
Collection
[
|
...
]