Aug 1, 2023 | San Diego

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

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

Executives at giant enterprises throughout the globe are going through unprecedented pressures round adopting generative synthetic intelligence (GenAI), addressing ever-increasing knowledge complexity, and managing a rising expertise 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 important stage of belief that GenAI could possibly be leveraged for his or her firm’s future choices and operations, extra work is to be executed. Eighty-six % of respondents agree extra governance is required to make sure the standard and integrity of GenAI insights, and 66% additionally expressed issues round GenAI’s potential for bias and disinformation.

Additionally in query is the rising expertise hole round GenAI, with simply 30% saying they’re extraordinarily ready or able to leverage GenAI at present, and solely 42% fully agreeing they’ll have the talents in place to implement GenAI in 6 to 12 months. Nonetheless, the strain to implement is mounting, with 56% confirming they’re beneath “excessive” or “important” strain to leverage GenAI inside their group within the subsequent 6 to 12 months.

Furthermore, whereas 89% of these surveyed stated they perceive GenAI’s deserves and potential, not all are satisfied it can stay the darling of public opinion it’s at present: Surprisingly, 57% consider curiosity in GenAI will fade with time.

Doing the Proper Issues

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

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

• 49% stated their corporations do a greater than common job and 33% stated they carry out at an professional stage of making worth from the information obtainable 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 corporations have seen a brand new or considerably elevated deal with financial challenges and geopolitical modifications/provide chain disruptions/wars/inflation (47% stated 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% stated that is true).

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

• 85% stated the complexity will stay fixed or improve within the subsequent two years
• 20% stay satisfied knowledge issues will turn into considerably extra advanced.

*Supply: IDC Govt Preview, sponsored by Teradata, The Potentialities 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 info, go to https://www.teradata.com/.