Peer Perspectives On The Generative AI Journey
EVENT IN BRIEF
Rapid advancements in artificial intelligence are leading to an innovation fever pitch, of sorts. Forbes research reveals that over the next two years, 89% of executives plan to increase their enterprise budget for AI initiatives as organizations across industries scramble to harness the technology to drive business impact at scale.
A particular desire for generative AI to perform creative tasks and streamline workflows is held by many business leaders—despite their concerns about potential risks. While 50% of C-suite executives have significant legal or ethical concerns about generative AI, about 46% still plan to deploy it if they haven’t already, according to a recent Forbes Research survey.
This begs a crucial question: As generative AI plays a larger role in business, what potential pitfalls, unknown consequences and unforeseen challenges lie ahead? A panel of experts hosted by Forbes and Kyndryl addressed this very subject in a roundtable discussion that considered best practices and strategies to help ensure success. Read on for their insights.