AI is the talk of the town, but businesses are still not ready for it, survey shows

CNBC March 6, 2024
Dylan Butts

Key Points

– The survey found that while about 75% of respondents experimented with generative AI in 2023, only 9% said they had adopted the technology widely.

– Most early adopters deployed generative AI in limited business areas, but have plans to greatly expand its use this year.

– Rapid adoption faces headwinds such as a lack of IT infrastructure and capabilities, strong governance structures and guidelines, and the appropriate culture and skills.

Generative AI adoption rate for businesses is yet to match the hype around the technology, with data privacy, regulation, and IT infrastructure acting as major barriers to its widespread use, according to a recent survey.

The global survey of more than 300 business leaders by MIT Technology...

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