When it comes to AI transformation, 73% of business leaders remain ill-equipped, citing limited time, people, and funds, said Kearney recently when releasing results of a survey jointly done with Egon Zehnder.
Survey highlights
- While 70% of business leaders believe their company will be disrupted by AI in the next five years, only 1 in 5 (20%) believe their organisations are currently prepared for AI transformation.
- More than half (51%) believe that a lack of understanding around AI from leaders is contributing to the problem.Â
- On the flip side, of those who feel their organisations are prepared, 89% attribute this to their leadership team’s understanding of AI and its capabilities.
- 85% of business leaders still see AI as an opportunity for their organisations, with more than 90% seeing it as an opportunity for them personally within their roles.Â
- To take advantage, business leaders are getting preparations for AI transformation in order: 49% are investing in infrastructure; 44% are building external partnerships, and 39% are recruiting expert talent.
“Keeping pace with AI through personal learning and continuous exploration are pivotal steps for leaders to not only embrace this transformative technology but also ensure sustained success in an ever-evolving landscape, said Arjun Sethi, Regional Head and Chairman, APAC, Kearney.
