London research company Orgvue claims that while businesses are increasing their AI investment, they’re also unclear on its impact and how to implement it. 82% of organizations have invested in AI, and another 33% say they will increase their investment by more than 50% this year.
Based on an international survey of 1,000 C-suite and senior decision makers at medium and large organizations, the report, Human-first, machine enhanced: the role of AI in workforce transformation, highlights the challenge.
Highlights of the survey include:
- 61% of respondents said they expect AI to replace people in their organization
- 41% say they think AI will completely disrupt their industry
- 69% said that AI will be the main driver of workforce transformation over the next three years
- 48% are unsure how they will manage developments in AI to optimize its use
Similarly, 78% want the government to introduce stricter rules and regulations, 54% believe regulation has not kept up with the pace of investment in AI, and 70% think AI should be regulated immediately.
CEOs are confident AI will solve business challenges. The question remains: What value can AI bring, and how quickly can it realistically be embedded into everyday business operations?
CEOs should have a better understanding of how AI will truly impact the work their people do today, the skills their organization has, and how this may change over time.
