Executives Prioritize AI in 2024, But Progress Hampered by Talent Gap

While 95% of executives now allow AI at work, many are dissatisfied with their progress and are slowing down investments due to societal pressures.

According to a BCG survey, 90% of executives are prioritizing AI and generative AI as a top-three tech priority for 2024, with 85% planning to increase their spending on the technology.
95% of executives are allowing AI and generative AI at work, a significant increase from July 2023 when over 50% were actively discouraging such use.
Despite the interest, 66% of leaders are dissatisfied with their AI and generative AI progress due to a lack of talent and skills, unclear AI investment roadmaps, and lack of strategy.
Companies like Booking.com and NotCo are already leveraging AI in different ways, from creating personalized travel itineraries to improving supply chains and creating innovative food products.
Despite the potential benefits, many executives are exercising caution with generative AI investments due to societal pressures to use AI responsibly, with 72% purposely slowing down their investments.