Are We Ready to Embrace GenAI?

The Risk of Inaction

While there is clear excitement at the prospect of GenAI, levels of organisational maturity vary. Two out of five respondents say their organisation is ‘very well positioned’ to take the lead on GenAI; a figure that rises to 62% for those in the IT sector. A further 47% feel ‘quite well positioned’. The public sector displayed slightly more reticence, with 38% saying they are ‘not well positioned’. While many businesses may consider themselves well positioned to make use of tools like Bard, or to tune their own LLMs, not all will be able to make the disruptive changes they may imagine are feasible.

The Risk of Inaction

While respondents seemed confident in their ability to pull away from the pack and take a leading position on GenAI, there is a sense from some that greater urgency is needed.

74% of respondents said if their business doesn’t get their heads around GenAI soon they are going to become irrelevant. Almost half (49%) are increasingly frustrated that their business isn’t taking a more forward-looking position.

A further two thirds of respondents believe a lack of imagination around what GenAI can do will mean their business will fall behind the competition. Having this focus on the need to stay ahead on

AI is no bad thing and could help to insulate businesses from future upheaval, as den Rooijen continues:

“A healthy dose of concern around missing out to the competition is no bad thing – it helps to drive people forward. If you think that you don’t have competition, it can lead to inaction. But that shouldn’t lead people to use technology for technology’s sake.

The phrase more haste, less speed was never truer. With so much at stake, organisations must take the time to ensure they approach any transformation in the right way, or it will cost them down the line.”

of respondents said if their business doesn’t get their heads around GenAI soon they are going to become irrelevant

respondents believe a lack of imagination around what GenAI can do will mean their business will fall behind the competition

of respondents are increasingly frustrated that their business isn’t taking a more forward-looking position