Yahya Daraaoui’s Post

From hype to reality is the challenge faced by many companies when it comes to #GenAI and artificial intelligence, according to BCG’s survey of 1400+ executives.    Companies are unsure about what to do, with the main worrying factors being a lack of talent and skills, unclear roadmaps, and no overall strategy for responsible AI use. However, AI has become a top priority for many of the executives surveyed:   82% see AI and GenAI as being critical for staying competitive in the long term. Almost 9 out of 10 executives ranked AI and GenAI as a top-three tech priority for this year. 85% of executives are ready to spend more on AI and GenAI in 2024.    It’s critical for companies that are falling behind to re-evaluate their priorities and adapt their day-to-day business operations to realize the full benefits of AI.    Our full report tells you how: https://on.bcg.com/3TXUj8C

From hype to reality is the challenge faced by many companies when it comes to #GenAI and artificial intelligence, according to BCG’s survey of 1400+ executives.    Companies are unsure about what to do, with the main worrying factors being a lack of talent and skills, unclear roadmaps, and no overall strategy for responsible AI use. However, AI has become a top priority for many of the executives surveyed:   82% see AI and GenAI as being critical for staying competitive in the long term. Almost 9 out of 10 executives ranked AI and GenAI as a top-three tech priority for this year. 85% of executives are ready to spend more on AI and GenAI in 2024.    It’s critical for companies that are falling behind to re-evaluate their priorities and adapt their day-to-day business operations to realize the full benefits of AI.    Our full report tells you how: https://on.bcg.com/3TXUj8C   **

BCG surveyed 1,400 C-level executives in 50 markets about artificial intelligence and GenAI – and the results make interesting reading. A few winners are powering ahead, but most seem to be taking a wait-and-see approach. And yet, two-thirds of executives admit to dissatisfaction with the headway they’re making. BCG believes many organizations aren’t doing enough to realize the full benefits of AI. They should be investing for productivity and growth, upskilling employees and leadership systematically, being vigilant about cost of use, developing strategic partnerships —and do all of this responsibly. Organizations that plan to invest more than $50 million this year are 1.3x more likely than their peers to gain cost savings. Read the report, From Potential to Profit with GenAI: https://on.bcg.com/3tRTdAu #WEF24 #BCGatDavos #GenerativeAI #GenAI #AI #ArtificialIntelligence

AI Is a Top Strategic Priority But... But Many Companies Are Falling Behind Why? - shortage of talent and skills (62%) - unclear investment priorities (47%) - absence of a strategy for responsible AI (42%) 45% of leaders say that they don’t yet have guidance or restrictions on AI and GenAI use at work. see6 #ai #digitaltransformation 👇

#CES According to BCG’s survey of 1400+ C-suite executives, #GenAI is rapidly transforming the way companies conduct business, creating a clear distinction between the “winners” and the “observers”. The shift in the mindsets of executives and employees is clear. There was a time in Summer 2023 when 50% of executives said AI at work was a big no-no. That number is down to 5% today, and employees are eager to jump on new AI tools and test them out. Our latest report answers the question arising from this widespread popularity of GenAI tools – what can executives do to enable their businesses to leverage the opportunities offered by GenAI? In short, here are three things you can do: Deploy GenAI in everyday tasks and carefully evaluate the cost of deployment. Anticipate the impact of GenAI and reshape critical functions. Invent new GenAI business models for a long-term competitive advantage. More details in the full report: https://on.bcg.com/3TXUj8C #GenAi #AI

While almost all executives rank AI and GenAI as a top-three tech priority for 2024, 66% of leaders are ambivalent or dissatisfied with their progress on AI and GenAI—and only 6% have begun upskilling in a meaningful way. How can executives set up their organizations to seize the business opportunities that GenAI offers? https://on.bcg.com/3RXlAFn #AI #GenAI #skillsofthefuture #upskilling

From hype to reality is the challenge faced by many companies when it comes to #GenAI and artificial intelligence, according to BCG’s survey of 1400+ executives. Companies are unsure about what to do, with the main worrying factors being a lack of talent and skills, unclear roadmaps, and no overall strategy for responsible AI use. It’s critical for companies that are falling behind to re-evaluate their priorities and adapt their day-to-day business operations to realize the full benefits of AI. Our full report tells you how: https://on.bcg.com/3TXUj8C

The #GenAI game is well underway, but many organizations are still struggling on the sidelines. Our latest survey of 1400+ C-suite executives found that winners in the AI and GenAI space are investing in productivity and topline growth, upskilling systematically, and keeping cost top of mind. Organizations are doubling down in 2024 to build long-term competitive advantage. Read the full report to learn more: https://on.bcg.com/3TXUj8C

Thank you for highlighting this report, Clark! The insights are right on the money, actionable and pragmatic. Too many executives seem to be on the extremes of the spectrum, either “observers” or suffering from FOMO and wasting money and talent. A pragmatic, iterative strategy balancing evolutionary gains, budgets and RAI is the way forward.

While almost all executives now rank AI and GenAI as a top-three tech priority for 2024, 66% of leaders are ambivalent or dissatisfied with their progress on AI and GenAI—and only 6% have begun upskilling in a meaningful way. How can executives set up their organizations to seize the business opportunities that GenAI offers? To answer this question, BCG surveyed 1,400+ C-suite executives in 50 markets and across 14 industries. Their responses provided us with a number of insights. Most GenAI initiatives are not scalable, not yet, check out why. #BCG #GenAI #AI