However, only about half of the respondents expect GenAI to bring significant productivity gains to their workforces. This skepticism is further highlighted by a BCG survey from last year, where over 50% of 2,000 executive decision-makers said they were discouraging GenAI adoption due to concerns it would encourage bad or illegal decision-making and compromise data security.
Key takeaways:
- In a Boston Consulting Group poll, 66% of over 1,400 C-suite executives expressed dissatisfaction or ambivalence about their organization's progress on Generative AI (GenAI), citing issues such as a lack of talent and skills, unclear roadmaps, and a lack of strategy for responsible GenAI deployment.
- Despite their concerns, 89% of the executives polled still see GenAI as a top-three IT initiative for their companies in 2024.
- Only about half of the respondents expect GenAI to bring substantial productivity gains of 10% or more to their workforces.
- More than 50% of 2,000 executive decision-makers surveyed last year were discouraging GenAI adoption due to concerns that it could encourage bad or illegal decision-making and compromise their employer's data security.