It seems like every single tech company out there is trying to get in on AI while it’s still in a relatively nascent stage of its developmental process. In spite of the fact that this is the case, suffice it to say that generative AI has the potential to cause tremendous harm as well with all things having been considered and taken into account. A recent survey conducted by PwC shed some light on the matter at hand.
With all of that having been said and now out of the way, it is important to note that 4,700 executives from around the world were asked what they thought about AI. It turns out that as many as 64% of them are of the opinion that it might cause significant cybersecurity breaches in the near to distant future. However, it bears mentioning that many of them were aware of the advantages of generative AI as well.
58% of the executives that participated in this survey stated that generative AI will make the quality of their products higher than might have been the case otherwise. 70% indicated that using this cutting edge tech noticeably alter the manner in which their enterprise creates and maintains value in the long run.
Perhaps the most commonly agreed benefit of all was in the realm of worker productivity. 64% of survey respondents said that their employees will likely show better efficiency because of the fact that this is the sort of thing that could potentially end up generative AI will aid them in various tasks. 60% also stated that their own productivity is likely going to go up.
Out of all the CEOs that responded to questions presented in this poll, just 3% felt like gen AI would harm the bottom line. 44% had the opposite belief, saying that they expect the tech to increase their profits over the course of the next year. However, 63% were concerned about misinformation, with 55% acknowledging their fears regarding how Gen AI might negatively influence their reputations down the line. It’s essential to factor in the risks, but it seems that the pros outweigh the cons according to CEOs.
Charts: PwC
Read next: WhatsApp Grew by 9% in 2023, But Is That Enough to Surpass iMessage?
With all of that having been said and now out of the way, it is important to note that 4,700 executives from around the world were asked what they thought about AI. It turns out that as many as 64% of them are of the opinion that it might cause significant cybersecurity breaches in the near to distant future. However, it bears mentioning that many of them were aware of the advantages of generative AI as well.
58% of the executives that participated in this survey stated that generative AI will make the quality of their products higher than might have been the case otherwise. 70% indicated that using this cutting edge tech noticeably alter the manner in which their enterprise creates and maintains value in the long run.
Perhaps the most commonly agreed benefit of all was in the realm of worker productivity. 64% of survey respondents said that their employees will likely show better efficiency because of the fact that this is the sort of thing that could potentially end up generative AI will aid them in various tasks. 60% also stated that their own productivity is likely going to go up.
Out of all the CEOs that responded to questions presented in this poll, just 3% felt like gen AI would harm the bottom line. 44% had the opposite belief, saying that they expect the tech to increase their profits over the course of the next year. However, 63% were concerned about misinformation, with 55% acknowledging their fears regarding how Gen AI might negatively influence their reputations down the line. It’s essential to factor in the risks, but it seems that the pros outweigh the cons according to CEOs.
Read next: WhatsApp Grew by 9% in 2023, But Is That Enough to Surpass iMessage?
