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More than 60 % of executives surveyed say their firms are still waiting to see how AI-specific regulations develop , and just 6 % of companies have trained more than 25 % of their people on GenAI tools so far .
According to the report , winning companies acknowledge GenAI ’ s permanence and recognise
• Winners implement responsible AI , RAI principles . Of the companies surveyed that are investing more than $ 50 million in AI in 2024 , 27 % put the CEO in charge of their RAI strategy , versus 14 % overall . p its potential for both enhanced productivity and topline growth .
It outlines several characteristics that set the winners apart from observers , including :
• Winners invest for productivity and top-line growth . Organisations that plan to invest more than $ 50 million in AI and GenAI this year are 1.3 times more likely to see cost savings in 2024 , and 1.5 times more likely to achieve more than 10 % in cost savings .
• Winners are systematically upskilling . Twentyone percent of organisations spending upward of $ 50 million on AI and GenAI this year have already trained more than a quarter of their people .
• Winners are vigilant about GenAI cost of use . Cost of use , which has serious long-term implications , is not commanding the attention it should . Only 19 % of those surveyed consider cost the top concern when choosing an AI and GenAI solution .
• Winners build intentional relationships . Only 3 % of executives consider preexisting partnerships a priority when looking for AI solutions .
Source : The BCG AI Radar , From Potential to Profit with GenAI
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