“Despite some uncertainty, leaders are optimistic that AI and ML will augment their workforce and drive productivity,” said Jim Stratton, chief technology officer at Workday, in a statement.
In fact, the report found that the top three benefits of AI and ML for CEOs are:
- Increased productivity (39%)
- Data-driven decision-making (37%)
- Improved collaboration (35%)
For HR leaders, the three biggest benefits they expect from AI and ML are:
- Increased productivity (34%)
- Improved collaboration (33%)
- Data-driven decision-making (29%)
Increased revenue and profits (29%)
The findings come as 71% of leaders said the global business landscape will be affected by AI and ML in the next three years, while 64% believe their organisation will see its impact.
Unprepared organisations, staff
Despite the optimism from business leaders on the benefits of AI and ML, nearly half (49%) of CEOs said their organisation is unprepared to adopt the technology due to a lack of some or all the tools, skills, and knowledge to integrate them.