The Future is Now: Training is Critical to Navigate the Gen AI World
CEOs Must Get Trained to Chart Their Company’s Gen AI Path
At the World Economic Forum’s Annual Meeting in Davos earlier this month, several major consulting firms highlighted the promise of Generative AI. The key takeaway: Embrace Gen AI now or risk obsolescence! Selected findings:
- 99% of companies plan to increase investments in Gen AI. – Accenture
- 97% believe that Gen AI will transform their business over the next 3 to 5 years. – Accenture
- 49% of CEOs say Gen AI will create new revenue streams in the next 3 years. – PwC
- 44% of working hours are ripe for AI-augmentation or automation. – Accenture
- Executives launching Gen AI in 12 to 18 months expect 15.7% cost savings and 24.7% productivity improvements. – Gartner
- Headcount reductions from Gen AI implementation are projected to be 3.8% in 2024, 6.1% in 2025 and 8.2% in 2026. – Gartner
The message is clear: Gen AI adoption is accelerating. However, most employees feel unprepared:
- 61% of workers will need retraining by 2027. – World Economic Forum
- 60% of white-collar workers fear jobs loss from Gen AI. – Oliver Wyman
- 57% report insufficient Gen Ai training from their employer. – Oliver Wyman
- 57% are overwhelmed about integrating AI into their roles. – edX
So what’s a forward-thinking CEO to do? Get trained on Gen AI yourself first. Discover firsthand how it augments productivity, strategy and creativity. See how it enhances decision-making and saves time. Then, get your top team trained on real-world AI applications.
With you and your top team AI-enabled, have informed discussions about your Gen AI ambition. Where’s the potential? What possibilities exist? How can AI augment strategies and create better futures? What work is off-limits to Gen AI? What new skills are needed? How will you reskill your people?
The Executive AI Bootcamp starting February 1 is an excellent first step for CEOs. Check it out. If you are a CEO, and desire to lean into an AI-powered future, join us.
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