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AI Adoption Surges as Companies Seek ROI Amid Economic Uncertainty
8 Nov
Summary
- 86% of data decision-makers confident AI will deliver expected ROI
- 60% monitoring AI systems for bias, fairness, and transparency
- AI used to enhance employee capabilities, not replace jobs
In the face of economic uncertainty, companies are rapidly adopting AI in search of strong returns on their investments. A recent survey found that 86% of data decision-makers are confident agentic AI will deliver the expected ROI. Over 90% are currently working to develop and roll out AI agents, with many in the later stages of implementation.
While the adoption of AI is surging, many companies are falling behind on establishing proper governance and oversight. Just under half have put in place enterprisewide AI policies and frameworks, and only 60% are monitoring their AI systems for bias, fairness, and transparency. This lack of governance could lead to long-term issues, as mistakes made due to lacking policies can become embedded in the AI systems.
However, the news is not all negative. Companies are recognizing the value of using AI to enhance their workforce, rather than replace employees. AI is being leveraged as an "accelerant" to empower workers, allowing them to become more efficient and effective in their roles. By providing employees with the right AI tools and training, companies are finding ways to boost productivity and career advancement without resorting to job cuts.
