Generative AI (GenAI) promises to redefine the contours of innovation, efficiency, and competitive advantage. But are organizations ready? A new survey conducted by leading consultancy Guidehouse and CDO Magazine examines how organizations and executives across the public sector and commercial industries are embracing GenAI.
The State of GenAI Today survey findings illustrate the transformative potential of GenAI in reshaping industries, the critical need for readiness and strategic planning, and the importance of governance frameworks in harnessing GenAI’s full benefits. The report details five priorities for organizations as they navigate the complex GenAI landscape and leverage its potential to drive innovation and competitive advantage.
“Many organizations are excitedly implementing GenAI strategies and tools, while others are more cautiously weighing its challenges and risks, and assessing readiness to harness GenAI capabilities,” said Bob Audet, partner at Guidehouse’s Data & AI solutions practice. “The journey ahead demands both technological readiness and a vision that comprehensively integrates GenAI into the fabric of organizational strategy and operations.”
The survey findings underscore the critical juncture at which organizations stand today as we face the forthcoming technology revolution. Key insights and findings include:
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Large companies ($1B+ in revenue/budget) report that they are extremely likely to invest in GenAI at 2-3 times the rate of smaller organizations: This uneven investment could result in adoption disparities that give large enterprises additional competitive advantages as the benefits and efficiencies of GenAI compound.
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Healthcare and insurance industries lead the way: Most healthcare (89%) and insurance (88%) respondents say their organization is likely to invest in GenAI in the next 12 months. The healthcare and insurance industries have emerged as GenAI front-runners, which could revolutionize patient care…
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