CEO View on AI: Disruption, Hype and Opportunity

In 2023 and for the fourth year in a row, CEOs identified artificial intelligence as the top new technology that will most significantly impact their industry, according to a recent survey from IT research firm Gartner.

“A combination of tight labor supply, inflation, rising interest rates and other factors means that in 2023 they need something that will help accelerate productivity improvement, to drive business growth,” she explains. “Generative AI Chatbots arrived with almost perfect timing, providing AI tools that are readily accessible to everyone.”

“Secondly, they are concerned about having the right tools to keep their employees and data safe from generative AI cyberattacks,” he says. “This is what economists and businesses have been waiting for – when is technology truly going to drive massive change in productivity?” he says. “I think this is the moment and why so many leaders are taking notice. We’re finally starting to see this transformation become a reality across industries.”“AI will create new jobs and augment others – particularly those held by knowledge workers,” he explains.

“The reality is AI has been around for a long time, what the recent spike in interest has done is bring AI to the masses in such a quick way it is creating an immense amount of buzz, which, if not harnessed correctly can become a big distraction,” Gerry cautions.“AI will continue to provide avenues to scale internal teams by offloading basic tasks to AI and harnessing the human creativity of employees to focus on higher-value activities,” he says.

Source: News Formal (newsformal.com)

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