IT Industry News. Daily.
Generative AI is here to stay. Organisations around the world are enthusiastically using and investing in the technology.China is in the lead according to a recent global study SAS commissioned with Coleman Parkes Research. China business decision makers report that 83% of their organisations are using the technology. That’s more than in the UK , the US and Australia .
“While China may lead in GenAI adoption rates, higher adoption doesn’t necessarily equate to effective implementation or better returns,” says Stephen Saw, MD of Coleman Parkes. “In fact, the US nudges ahead in the race with 24% of organisations having fully implemented GenAI compared to 19% in China.”
When split into industry segments, the data shows banking and insurance leading other industries in terms of incorporating GenAI into daily business operations across a variety of metrics. Highlights from those findings are below.Early adopters are finding plenty of obstacles in using and implementing GenAI. Top of the list of challenges organisations face in putting GenAI to routine use is the lack of a clear strategy.
Nine out of 10 senior technology decision makers overall admit they don’t fully understand GenAI and its potential to affect business processes. At 45%, CIOs lead the way with executives who understand their organisation’s AI adoption strategy. But only 36% of Chief Technology Officers say they’re fully in the know.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GenAI in SA sees shift from curiosity to usage phaseMore South African firms move beyond pilot phase and start to integrate the emerging tech into the fabric of their organisations.
Read more »
Navigating the journey to next-gen customer service with GenAIToo often, companies attempt to leap directly to sophisticated chatbot implementations without laying the proper groundwork, says Kevin Staples, specialist software engineer and CEO of BBD Group.
Read more »
Apple enters the GenAI fray with Apple IntelligenceIT Industry News. Daily.
Read more »
IBM adds new GenAI feature to personalise Wimbledon player storiesIT Industry News. Daily.
Read more »
IBM adds GenAI to personalise Wimbledon player storiesIT Industry News. Daily.
Read more »
SA employees using AI no matter whatResearch indicates South African employees are keen to use GenAI tools at work.
Read more »