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Chief Editor and Senior Advisor
August 30, 2023
What is the message?
While generative AI, such as ChatGPT and Google Bard, is widely discussed and perceived as essential, there is a lack of specific understanding regarding its implementation within organizations.
The article discusses insights from a survey conducted by the IBM Institute for Business Value, where C-suite executives were interviewed about their plans for adopting generative AI, its potential benefits, and the challenges they face.
The survey indicates that a significant portion of executives (more than 6 in 10) plan to pilot or integrate generative AI by 2024.
The article emphasizes the three main priorities for implementing generative AI: security, engagement, and innovation, with aspirations of improving content quality, gaining a competitive edge, and enhancing employee expertise.
However, a notable discrepancy is highlighted between CEOs’ confidence in their teams’ generative AI capabilities and the actual agreement from C-suite teams, suggesting potential readiness gaps.
Infographic
DEEP DIVE
Generative AI: The state of the market—where is the impact?
IBM Institute for Business Value
May 2023
Everyone’s saying that generative AI is a must, but specifics are vague. Here, we talk about the hows for your organization.
You can’t open a newsfeed without seeing articles about generative AI—ChatGPT, Google Bard, and other LLMs are everywhere, and they’re often positioned as a must-have. But exactly how and where will enterprises leverage this fascinating new technology?
To answer these questions and more, the IBM Institute for Business Value surveyed and interviewed C-suite executives about their plans to adopt generative AI, the benefits they expect, and the barriers holding them back.
Executives are eager to capitalize on generative AI, with more than 6 in 10 planning to pilot or operate in some way by 2024.
We found that organizations are typically implementing generative AI by three different priorities:
- Secure (64%)
- Engage (63%)
- Innovate (50%)
And they are quite serious about reaping benefits. 56% expect AI to improve their content quality, 51% expect to gain competitive advantage, and 51% expect to scale employee expertise, among many other aspirations.
But are enterprises ready to make the leap?
Almost 3 out of 4 CEOs believe their teams have the generative AI capabilities they need. But only 3 in 10 of their C-suite teams agree.
To access the original insight infographic, https://www.ibm.com/downloads/cas/M2JQ1JK3
Originally published at https://www.ibm.com
