Despite all the buzz over how generative artificial intelligence tools like ChatGPT are set to revolutionize entire industries, the vast majority of business leaders are waiting for the hype to blow over before fully embracing the new technology.
That’s according to the latest report from Boston Consulting Group (BCG) released Friday, which found some 90% of executives are taking a “wait and see” approach, either holding off on trying out GenAI or experimenting with it in minor ways.
Yet, while the findings indicate there is a great deal of hesitation around integrating GenAI into operations, they also showed executives are warming up to the technology. Some 95% of respondents said they allow AI and GenAI use at work, a significant increase from July 2023 when more than half said they actively discouraged the use of such tools.
Still, only 6% of companies that participated in the survey said they had managed to train more than 25% of their employees on GenAI tools.
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