Aug 1, 2023 | San Diego

Survey of 900 C-Suite and Different Prime Enterprise Executives Globally Reveals:

• 2 in 3 high enterprise leaders fear about generative AI’s penalties — particularly because it pertains to bias and disinformation
• Virtually 9 of 10 executives perceive the deserves and potential of generative AI
• Information complexity stays daunting, with 85% of respondents seeing little change or fearing better challenges within the subsequent two years

Executives at giant enterprises throughout the globe are dealing with unprecedented pressures round adopting generative synthetic intelligence (GenAI), addressing ever-increasing information complexity, and managing a rising abilities hole. That’s in keeping with a brand new IDC survey, sponsored by Teradata* (NYSE: TDC).

GenAI: Prepared or Not, Right here We Come!

Though practically 80% of the 900 international executives surveyed had a excessive or vital degree of belief that GenAI might be leveraged for his or her firm’s future choices and operations, extra work is to be carried out. Eighty-six % of respondents agree extra governance is required to make sure the standard and integrity of GenAI insights, and 66% additionally expressed considerations round GenAI’s potential for bias and disinformation.

Additionally in query is the rising abilities hole round GenAI, with simply 30% saying they’re extraordinarily ready or able to leverage GenAI as we speak, and solely 42% utterly agreeing they’ll have the abilities in place to implement GenAI in 6 to 12 months. Nonetheless, the stress to implement is mounting, with 56% confirming they’re below “excessive” or “vital” stress to leverage GenAI inside their group within the subsequent 6 to 12 months.

Furthermore, whereas 89% of these surveyed mentioned they perceive GenAI’s deserves and potential, not all are satisfied it is going to stay the darling of public opinion it’s as we speak: Surprisingly, 57% consider curiosity in GenAI will fade with time.

Doing the Proper Issues

The survey additionally explored considerations round information privateness and ethics, significantly with ChatGPT changing into a near-overnight phenomenon. Throughout the globe, firms mentioned information ethics and the accountable use of information was paramount (92% of respondents) and 97% mentioned they had been intimately conversant in information ethics and the accountable use of information inside their very own organizations. Almost 9 in 10 respondents confirmed they’ve a proper moral information useful resource or board in place.

The survey additionally confirmed firms have gotten digitally mature, with 54% saying the data movement inside their organizations is both very unconstrained or extremely unconstrained and free flowing.

• 49% mentioned their firms do a greater than common job and 33% mentioned they carry out at an skilled degree of making worth from the info out there inside their organizations.

IT Complexity is on the Rise

The survey additionally revealed the extent to which executives say their organizations have been impacted by main company modifications over the past two years. These polled famous their firms have seen a brand new or considerably elevated deal with financial challenges and geopolitical modifications/provide chain disruptions/wars/inflation (47% mentioned that is true); a rising inflow in work-from-home and hybrid work (47% famous that is true); and an elevated deal with environmental/social and company governance (53% mentioned that is true).

With these extra pressures in place, it might not be stunning that almost 70% of the respondents famous information complexity of their group had elevated, with 20% saying they’ve felt “considerably extra complexity” within the final 24 months.

• 85% mentioned the complexity will stay fixed or enhance within the subsequent two years
• 20% stay satisfied information issues will develop into considerably extra complicated.

*Supply: IDC Government Preview, sponsored by Teradata, The Prospects and Realities of Generative AI, IDC # US51015023, July 2023. The analysis was carried out amongst 900 senior executives throughout the US, Europe, and Asia in March, 2023. For extra data, go to https://www.teradata.com/.