A majority of UK executives are all hyped up about the potential impact of AI and machine learning, man. According to a new survey by Workday, 73% of these dudes believe that it’s gonna shake things up in the global business landscape in the next three years. And get this, more than half of ’em even think it’s gonna “significantly amplify human potential”. I mean, that sounds pretty cool, right?
But here’s the thing, man. A lot of these executives are facing a major roadblock when it comes to fully embracing AI. It’s all because of siloed and inaccessible data, bro. They just can’t get their hands on the right data to make AI work for ’em. Talk about a bummer.
Now, this ain’t just some random survey, dude. It’s called the C-Suite Global AI Indicator Report, and it’s a big deal. They surveyed 2,355 senior business executives from all over the world. And guess what? Almost every tech leader they talked to believes that AI has some immediate benefits. But here’s where it gets tricky, man. Actually adopting AI seems to be a challenge for a lot of these organizations. About 42% of ’em said they’re not ready for AI ’cause they lack the knowledge, tools, and skills to make it happen. Tough luck, dude.
And get this, bro. A quarter of these execs say they’re just gonna wait and see how others handle AI before they jump on the bandwagon. Talk about playing it safe, man. I guess they’re worried about issues like data, privacy, and trust. Can’t blame ’em, though. You don’t wanna mess around with something as powerful as AI if you’re not sure you can trust it, right?
But here’s the good news, man. Both national governments and industry players are teaming up to address these concerns. Recently, companies like IBM and Adobe joined a US government voluntary scheme on model transparency and safety. That’s a step in the right direction, bro. And check this out, the UK government is even hosting the first AI Safety Summit in November. And the EU is going all out with the AI Act, which is gonna be the most comprehensive AI legislation in the world. Looks like they’re serious about making AI work for everyone, man.
But it’s not just about trust and transparency, dude. A lot of these executives are also dealing with their own companies’ siloed and unstructured data. It’s like trying to solve a puzzle with missing pieces, man. Only about 4% of ’em said their company data is completely accessible. That’s a real setback, bro.
Daniel Pell, the VP and UK and Ireland country manager for Workday, knows what’s up. He says organizations need accurate and meaningful insights into their businesses to make AI work. Without that, they’re just shooting in the dark, man. He even says it’ll help them protect their bottom line more than those who don’t have this foresight. Wise words, dude.
So despite all the concerns and uncertainty, Jim Stratton, the CTO of Workday, remains optimistic. He believes that tech leaders need to focus on improving data and building trust. And you know what? I think he’s onto something, man.
But hey, speaking of surveys, check this out. There’s a survey going on right now, and you can be a part of it. Just click on this link and share your thoughts, bro. It’s gonna be a wild ride, man.