Post by account_disabled on Dec 26, 2023 10:53:11 GMT
But warns against hyping AI’s imminent triumph: “If you look at the history of AI since its inception in 1956, it’s been a story of peaks and valleys, and now we’re in a particularly prosperous era. Everything looks like there is a majestic mountain in front of us.” More than 80% of the executives surveyed have their sights set on the peak and see artificial intelligence as a strategic opportunity. (See Figure 4.) In fact, the largest group of respondents (50%) sees AI as just an opportunity. Some see the risks and potential for increased competition posed by AI, as well as the benefits. Nearly 40% of managers also view artificial intelligence as a strategic risk. A smaller minority (13%) do not see AI as an opportunity or risk. Exhibit 300 Figure 4 More than 80% of organizations view artificial intelligence as a strategic opportunity.
While nearly 40% also view it as a strategic risk. What's behind such high expectations and commercial interest in artificial intelligence? There is no single explanation. (See Figure 5.) their organizations, such as through new business or reduced costs; 84% believe AI will allow their Job Function Email List organizations to gain or maintain a competitive advantage. intelligence will enable them to enter new businesses. Exhibit 300 Figure 5 Organizations hope to create a competitive advantage through artificial intelligence, but also expect competition to intensify. Executives also recognize that their organizations.
Are unlikely to be the only beneficiaries of AI in their markets. Respondents expect potential benefits to be seen by new entrants and incumbents alike. Three-quarters of respondents expect new competitors to enter their markets using AI, while 69% expect existing competitors to adopt AI in their businesses. Additionally, they realize that suppliers and customers in the business ecosystem will increasingly expect them to use AI. Gap in adoption and understanding Despite high expectations, commercial applications of AI are still in a very early stage: there is a gap between expectations and action.
While nearly 40% also view it as a strategic risk. What's behind such high expectations and commercial interest in artificial intelligence? There is no single explanation. (See Figure 5.) their organizations, such as through new business or reduced costs; 84% believe AI will allow their Job Function Email List organizations to gain or maintain a competitive advantage. intelligence will enable them to enter new businesses. Exhibit 300 Figure 5 Organizations hope to create a competitive advantage through artificial intelligence, but also expect competition to intensify. Executives also recognize that their organizations.
Are unlikely to be the only beneficiaries of AI in their markets. Respondents expect potential benefits to be seen by new entrants and incumbents alike. Three-quarters of respondents expect new competitors to enter their markets using AI, while 69% expect existing competitors to adopt AI in their businesses. Additionally, they realize that suppliers and customers in the business ecosystem will increasingly expect them to use AI. Gap in adoption and understanding Despite high expectations, commercial applications of AI are still in a very early stage: there is a gap between expectations and action.