IBM TechXchange Generative AI User Group Sponsored by IBM US Financial Services Market

CEOs are used to being in the hot seat. Only the toughest problems land on their desks-and how those problems are solved often defines an organization's future.

How CEOs choose to adopt generative AI may be one of these defining moments. Making the right investments in this emerging tech could deliver a strategic advantage that pays massive dividends. But the wrong bets could open the door to data privacy concerns, legal liabilities, and a whole host of ethical issues.

CEOs know they need to tread carefully, but they also feel the need to act fast. 64% say they face significant pressure from investors, creditors, and lenders to accelerate adoption of generative AI. Consequently, investment in generative AI is expected to grow by 4 times over the next two to three years-although it remains, at least for now, a fraction of total AI spend.

Read More Here: https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/ceo-generative-ai

Do we have this kind of research for public and government institutions? In public and government operations, within specific sectors like the Ministry of Animal Welfare and Agriculture, the decision-making process and stakeholders differ markedly from those in private companies. Key stakeholders in government entities encompass elected officials, who answer directly to the public; seasoned bureaucratic officials that steer policy-making; the general public, whose interests are paramount; and specific interest groups, such as farmers' associations and animal rights activists. These entities face unique challenges when adopting advanced technologies like generative AI.
Governments operate under intense public scrutiny and are guardians of vast data, making ethical use and data privacy paramount when integrating AI. Moreover, with constrained budgets, governments must judiciously determine AI's return on investment. Introducing and integrating new technologies, especially as pervasive and transformative as AI, into the public sector come with significant challenges. One of the most salient barriers is the public's apprehension and scepticism. Many citizens, while beneficiaries of technology in their personal lives, remain wary of its institutional applications, fearing misuse, biases, or privacy breaches. 
In a way, the people are the CEO. But to navigate this, governments must invest in education and awareness campaigns about AI and its benefits, showcasing its potential while transparently addressing its limitations and risks. Open dialogues, public consultations, and pilot programs can also bridge the gap between governmental AI ambitions and public apprehension.

CEOs are used to being in the hot seat. Only the toughest problems land on their desks-and how those problems are solved often defines an organization's future.

How CEOs choose to adopt generative AI may be one of these defining moments. Making the right investments in this emerging tech could deliver a strategic advantage that pays massive dividends. But the wrong bets could open the door to data privacy concerns, legal liabilities, and a whole host of ethical issues.

CEOs know they need to tread carefully, but they also feel the need to act fast. 64% say they face significant pressure from investors, creditors, and lenders to accelerate adoption of generative AI. Consequently, investment in generative AI is expected to grow by 4 times over the next two to three years-although it remains, at least for now, a fraction of total AI spend.

Read More Here: https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/ceo-generative-ai

CEOs are used to being in the hot seat. Only the toughest problems land on their desks-and how those problems are solved often defines an organization's future.

How CEOs choose to adopt generative AI may be one of these defining moments. Making the right investments in this emerging tech could deliver a strategic advantage that pays massive dividends. But the wrong bets could open the door to data privacy concerns, legal liabilities, and a whole host of ethical issues.

CEOs know they need to tread carefully, but they also feel the need to act fast. 64% say they face significant pressure from investors, creditors, and lenders to accelerate adoption of generative AI. Consequently, investment in generative AI is expected to grow by 4 times over the next two to three years-although it remains, at least for now, a fraction of total AI spend.

Read More Here: https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/ceo-generative-ai