Ninety Percent of CEOs Are Waiting for GenAI to Move Past the Hype or Experimenting in Small Ways
New BCG Survey of More Than 1,400 C-Suite Executives in 50 Markets Reveals that 66% of Leaders Are Ambivalent or Dissatisfied with the Progress Their Companies Have MadeWinning Companies Are Upskilling, But that Percentage Is Still Only 6%Big Gaps Between Winners and Observers Are Already Emerging, With Organizations that Plan to Invest More than $50 Million into AI and GenAI this Year 1.3 Times More Likely to See Cost Savings in 2024BOSTON—Generative AI (GenAI) exploded into the public consciousness in 2023, promising to transform the way business functions. Despite the potential, however, leaders are struggling to convert hype into reality. According to a new report by Boston Consulting Group (BCG), 66% of executives are ambivalent or outright dissatisfied with their organization’s progress on AI and GenAI so far, citing three primary reasons for their dissatisfaction: a lack of talent and skills (62%), an unclear AI and GenAI roadmap and investment priorities (47%), and absence of strategy regarding responsible AI and GenAI (42%).