However, infrastructure, talent gaps, and data silos remain significant barriers to wide adoption. Only 15% of organizations have the necessary graphic processing units (GPUs) to meet current and future AI demands and less than a quarter (23%) have the capabilities to protect data in AI models. Despite these challenges, 92% of organizations have an AI strategy in place or under development, compared to 61% globally.
Key takeaways:
- Only seven per cent of Canadian organizations are fully prepared to adopt and deploy AI, down from nine per cent last year.
- Despite the drop in readiness, urgency to deploy AI is growing, with 96 per cent reporting an increase over the last year.
- Canadian organizations are scaling investments, 43 per cent say they will be spending as much as 20 to 50 per cent of their IT budgets on AI in the next four to five years, more than double what it is today.
- Infrastructure, talent gaps and data silos remain significant barriers to wide AI adoption in Canadian organizations.