As founder of the Business Technology Roundtable, I can advise senior executives on rapidly emerging technologies and their potential impact on digital business transformation. One of the most significant and potentially disruptive technologies today is Generative Artificial Intelligence (GenAI). Powered by advances in machine learning, this technology refers to AI systems that can generate new content, such as text, images, audio, video, and more in response to prompts from humans. The pace of advancement in Generative AI has been astounding. Since the public release of ChatGPT in November 2022, tool capabilities have continued to grow at breakneck speed. Business interest has followed suit – attracted by the vast potential to drive efficiency, productivity, innovation, and digital business growth. However, along with the enthusiasm, important questions remain regarding effective adoption approaches, risk management, workforce retraining, and ethical implications. To better understa
Artificial Intelligence (AI) adoption is accelerating globally, transforming business and government. However, a new study by Cisco Systems reveals that while intentions to adopt AI are rising sharply, actual abilities to effectively leverage these technologies continue to lag. An overwhelming 97 percent of business leaders state that the urgency to deploy AI technologies has increased significantly or somewhat at their organizations in just the past six months. This mounting urgency is coming from the top-down, with over 50 percent saying it is being driven by their CEO and board of directors. Meanwhile, the C-suite is being tasked to prepare for action. As a result of this mounting pressure, 95 percent of organizations now have an AI strategy in place or under development. Looking ahead, 84 percent believe AI will have a major impact on their business operations. New AI Deployments Underway Many organizations have already started an AI deployment, prioritizing IT infrastructure and d