According to a recent survey conducted by KPMG US, nearly two-thirds (65%) of the 225 US executives surveyed in March 2023 believe that generative AI will have a high or extremely high impact on their organization in the next three to five years, surpassing other emerging technologies.
However, despite these findings, nearly the same number (60%) of respondents said they are still a year or two away from implementing their first generative AI solution, revealing a lack of preparedness among executives for immediate adoption.
The KPMG survey found that less than 50% of respondents believe they have the necessary technology, talent and governance to implement generative AI successfully.
To bridge this gap, executives plan to spend the next 6–12 months understanding how generative AI works, evaluating their internal capabilities and investing in generative AI tools.
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