new working day Research has revealed that despite the promise of huge investments in artificial intelligence, many companies are not adequately prepared to adopt the technology.
A survey of more than 2,300 senior executives found that nearly three-quarters (73%) expect AI and ML to impact the global business environment within the next three years. Ta.
Optimism is mixed with concerns and a lack of resources, meaning many companies will not see the benefits of AI.
How are companies preparing for AI?
Almost half (46%) of companies questioned said that one-fifth of their organization's IT budget is devoted to AI and ML. This is an amazing amount.
It's clear that executives want to reap the benefits of artificial intelligence tools deployed across the workplace for improved productivity, data-driven decision-making, and improved collaboration.
Still, 46% expressed concerns about the trustworthiness of technology, and Workday argues that “building CEO trust requires greater transparency.”
In addition to this study, others have expressed new things. AI tools It has emerged so quickly that workers are overwhelmed to the point where they lack the skills and understanding to reap its benefits.
In fact, one Studying Canva We found that over a quarter (26%) of employees sometimes exaggerate their knowledge of AI to keep up with their colleagues.
Daniel Pell, Workday Vice President and UKI Country Manager, says of the vast amount of data that businesses collect and process, often in silos.
“Teams and organizations that have accurate and meaningful business insights will be able to make smarter decisions and ultimately protect their bottom line than teams and organizations that lack this foresight. .”
Jim Stratton, Workday CTO, summarized the report's focus on lack of executive trust and knowledge, adding:
“By deploying trusted solutions that prioritize data quality and transparency, businesses can reap the benefits of AI and ML across their organizations.”
