The AI Equation: 2024 AI Business Impact Research

PSB Insights is proud to have partnered with Unisys on groundbreaking research exploring the impact of AI on businesses. The findings reveal a critical truth: artificial intelligence is rapidly reshaping the business landscape, and organizations must adapt strategically to thrive in this new era. In fact, a significant majority of executives (62%) believe AI will be even more impactful than the internet, underscoring its transformative potential.

This research identifies key opportunities and challenges for organizations navigating the AI revolution.

Key Insights:

  • Competitive Advantage: Strategic AI adoption is a key differentiator, with early adopters gaining a significant competitive edge.
  • Employee Empowerment: AI enhances job satisfaction by streamlining routine tasks and freeing up time for more strategic work.
  • Productivity & Efficiency: AI drives significant improvements in operational efficiency and employee productivity, leading to cost savings.
  • Bridging the Skills Gap: A significant skills gap exists, making comprehensive employee training programs crucial for successful AI integration and maximizing its potential.
  • Risk Mitigation: Concerns around inaccurate output, security vulnerabilities, and bias require careful consideration and proactive mitigation strategies.
  • Leadership is Key: Dedicated AI leadership and a comprehensive AI strategy are essential for maximizing AI’s impact. Companies with a Chief AI Officer report significantly greater time savings.
  • Evolving Investment Strategies: While current AI investments may be concentrated in a few key areas, future investments are expected to be spread across a wider variety of initiatives, indicating a broadening understanding of AI’s potential applications.
  • The Importance of Partners: Choosing the right AI partner is crucial, with organizations prioritizing measurable benefits and a proven track record.

Strategic AI adoption is no longer a futuristic concept; it’s a present-day imperative for organizations seeking a competitive edge. To delve deeper into these findings and unlock the full potential of AI for your business, access the complete report on Unisys’ website: https://www.unisys.com/siteassets/collateral/report/2024-ai-insight-report.pdf

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Questions about this research? Contact Cindy Malone [email protected]

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