Generative AI is revolutionising how we work, collaborate, and innovate. To understand the readiness of businesses to adopt an AI-first approach, Avanade conducted extensive research surveying over 3,000 business and IT executives globally. The findings reveal significant insights into the state of AI adoption across industries, highlighting both the enthusiasm and the challenges faced by organisations. If your company isn’t planning for generative AI, it risks falling behind.
Key Findings
1. Urgency for AI Adoption
– 92% of organisations must shift to an AI-first model within the next year to remain competitive.
– Confidence varies among executives; only 34% of CEOs are very confident in their AI readiness.
2. Employee Optimism and Readiness
– 95% of employees are optimistic about AI, but only 48% report comprehensive guidelines for responsible AI use.
3. Skills and Training Needs
– 63% of employees will need new skills by the end of 2024 to fully benefit from AI tools like Microsoft Copilot.
– 98% agree on the necessity for comprehensive training programmes.
4. Impact on Work
– 79% of employees expect AI to impact up to 20 hours of their work week.
– AI is seen as a tool to enhance creativity and innovation rather than just a means to efficiency.
Industry-Specific Perspectives
– Accelerated Adoption: Energy, Retail, and Nonprofit sectors are leading the shift to AI-first models.
– Slower Pace: Utilities and Healthcare sectors are less urgent in adopting AI. (PB comment, I’d suggest the same for professional practices such as accountants, IPs and lawyers)
Addressing AI Readiness Challenges
1. Develop a Clear AI Strategy
– Align AI initiatives with your organisation’s vision and values to drive sustainable business value.
2. Invest in People and Processes
– Continuous training and upskilling are essential for maximising AI benefits.
– Establish strong governance to manage AI-related risks.
3. Build a Robust Data Foundation
– Invest in data platforms to ensure accurate and trustworthy AI outputs.
4. Promote Responsible AI Use
– Develop and implement comprehensive guidelines for responsible AI to address ethical concerns and risks.
Recommendations for Leaders
1. Define a Clear AI Strategy
– Understand the “why” behind AI adoption. Align AI strategies with your organisation’s vision and values to drive sustainable business value.
2. Invest in People and Processes
– Ensure continuous training and upskilling of employees to maximise the benefits of AI tools.
– Establish strong governance frameworks to mitigate risks associated with AI.
3. Build a Strong Data Foundation
– Invest in robust data platforms to unify and manage data efficiently. This is critical for scaling AI and ensuring data accuracy and trust.
4. Promote Responsible AI Use
– Develop and implement comprehensive guidelines for responsible AI to manage risks and ethical concerns.
Conclusion
The Avanade AI Readiness Report highlights the critical need for businesses to actively embrace generative AI. Without a clear plan, companies risk obsolescence. The future is AI-driven, and readiness today determines success tomorrow.
For detailed insights and practical steps, read the full Avanade AI Readiness Report, click here.
About Avanade
Avanade is a leading provider of innovative digital, cloud, and advisory services, specialising in industry solutions and design-led experiences across the Microsoft ecosystem. Founded in 2000 by Accenture and Microsoft, Avanade’s 60,000 professionals in 26 countries help clients transform their businesses through human impact and technology. Avanade leverages its deep expertise in Microsoft technologies to help organisations adopt AI and drive growth and value.
