Tech Leaders Struggle To Keep Up With AI Advances
HelpNet Security, Thursday, November 9,2023
New data reveals artificial intelligence is challenging organizations in significant ways, with only 15% of global tech leaders reporting they are prepared for the demands of generative AI and 88% saying stronger regulation of AI is essential, according to Harvey Nash.
The global study found that despite the explosive predicted market growth of AI, it isn't yet widely used: only 1 in 10 US organizations report having large-scale implementation of AI but 48% are piloting or conducting small-scale implementation.
AI effectiveness concerns
Concerns around the effective application of AI are significant, with almost 9 in 10 global leaders saying stronger regulation of AI is critical, yet 61% say it won't be effective, compared to 54% in the US who say the same. Compounding these challenges, AI is the number one reported tech skills shortage in the US.