Will Hackney’s Post

Do your teams lack the AI skills needed to leverage rapid innovation? Are you struggling to hire in AI talent to bridge the gap? If so, you're not alone. Read more in SoftwareOne's Skills Gap report. #ai, #genai, #machinelearning, #innovation, #talentgap, #upskilling

Fascinating article on AI adoption challenges in UK businesses. Despite AI's potential, only 19% of mid-sized UK enterprises have implemented it. Why? Lack of expertise is a major barrier. Many businesses don't have in-house talent to implement and manage AI solutions effectively. Let's face it everyone is busy with their day job. Change management is crucial but often overlooked. Successful AI adoption requires not just tech implementation, but also: ➡️ Reskilling existing staff ➡️ Adapting business processes ➡️ Addressing employee concerns about job displacement ➡️ Fostering a culture of innovation and continuous learning 39% of surveyed companies are unsure if AI is suitable for their business, highlighting the need for better education on AI's practical applications. Call for improved AI readiness to stay competitive globally, including investment in training and change management strategies. Are you seeing similar challenges in your industry? How is your organisation addressing the AI skills gap? https://lnkd.in/ej6p26e6 Kitty Wheeler #futureofwork #generativeAI #humanplusai

A strong infrastructure is critical to maximize AI's potential, but our latest research finds that only 36% of senior leaders say they are investing in #data infrastructure. That means #AI is missing crucial information that could help it provide better, more accurate results. Read our full findings in the new EY AI Pulse Survey:

Thailand’s national Artificial Intelligence (AI) strategy aims to have in place an effective ecosystem for developing and applying AI to promote economic growth, increase the country’s competitiveness and improve the quality of life for its citizens by 2027. However, to achieve these benefits, organisations must overcome challenges that scaling AI presents. These include addressing the need to manage large amounts of data, the complexity of developing and training AI models, and the potential for bias and ethical concerns. If you are an IT leader in Thailand and looking to embrace AI, join us at the AI for Business Executive Leaders Summit Thailand at Sofitel Bangkok Sukhumvit on 9 May 2024 to deep dive into the latest transformation technology – AI, using practical use cases that deliver real-world results. To find out more on how you can embark on your AI journey in the real world, register your seat at this Summit here: https://lnkd.in/grHjq7yk FutureCIO CXOCIETY Allan Tan Clarise Goh Christine T. Nigel Standley #ArtificialIntelligence #AI #technology #IT #IBMThailand #watsonx

**Are AI Skills Adoption Efforts Falling Short?** While 77% of tech executives are confident about AI's impact on their industries over the next two years, only 17% have put AI initiatives into action. What’s holding them back? Key barriers include: 1. **Skilled Personnel Shortage:** The demand for AI talent far exceeds the supply, creating a fiercely competitive talent market. 2. **Limited Understanding & Data Concerns:** Organizations often struggle with a lack of understanding of AI technologies and worries over data privacy and security. Despite these challenges, the potential benefits of AI—such as increased efficiency, better decision-making, and new revenue streams—are hard to ignore. Here’s how organizations can bridge the gap: - **Invest in Training & Development:** Equip your team with essential AI skills through targeted training and certifications. - **Partnerships & Collaborations:** Work with universities and research institutions to gain access to cutting-edge AI insights and talent. - **Cultivate Innovation:** Foster a culture that encourages experimentation with new technologies. Successful examples are out there. Think of retailers optimizing inventory management or healthcare providers enhancing patient outcomes through AI. Continued investment in AI R&D and addressing ethical concerns are crucial. Industry, government, and academia need to collaborate to ensure responsible and sustainable AI deployment. Are you ready to tackle these challenges and harness AI’s potential? Let’s discuss.

Generative AI is set to revolutionise industries. In collaboration with Deloitte and The Wall Street Journal, here are five essential strategies to make the most of this transformative technology:   🤖 Human + Machine. Focus on enhancing human creativity and decision-making with AI. Invest in training programmes, as 77% of companies see upskilling as crucial for AI adoption.    🚀 Innovate for the Industry. Tailor AI solutions to meet specific industry needs. Customised AI applications can lead to a 30% increase in growth and innovation.    💻 Integrate the Digital Core. Strengthen your digital environment to support AI initiatives. Companies that integrate AI into their core systems report a 20% increase in efficiency.   🔒 Protect Data with Confidence. Implement robust data governance and security measures. With 68% of consumers concerned about data privacy, ensuring data integrity builds trust and compliance.   🌐 Digital-First Managed Services. Utilise advanced managed services to optimise AI deployment, embedded within operations. Partnering with firms like Deloitte can drive speed to value, lower overall TCO, and enable CapEx constrained organisations to deliver transformation agendas.   Generative AI isn't just a technological advancement, it's a pathway to unprecedented innovation and growth. Let's continue to apply these five essential strategies, to unlock the full potential of AI.   #GenerativeAI #Innovation #FutureofWork Karthik Karunanithi Dennis Krallis Stuart Scotis Abigail Holman Slav Tabachnik Dennis Moth Priyanka Mawjee

With rapid technological advancements and ongoing investment in AI research, artificial intelligence is evolving at an unprecedented pace. We all need to be prepared for these changes.

The recent EY AI Pulse Survey of senior executives in a variety of sectors sheds light on the #health sector’s commitment to integrating artificial intelligence (AI) into its fabric. Some key highlights:   🚀 #Healthcare leaders are all-in on #AI, with 96% prioritizing AI talent—surpassing the 83% average in other sectors. 🌟   Investments are bold, with 78% allocating 25%+ budgets to AI, eclipsing the general 50%. Yet, finding AI-skilled professionals remains a challenge, with 90% of health execs feeling the pinch vs. 78% elsewhere. 🧠   The takeaway? AI literacy is becoming essential, and partnerships are crucial for advancing AI initiatives. Check out the Pulse Survey results to learn more: https://lnkd.in/g-Fp5ZcJ

Our new research finds #AI investments continue to be on the rise. Among the senior leaders who say their organization is investing in AI, the number of companies investing $10 million or more in the #technology is set to nearly double next year. Check out our new EY AI Pulse Survey for more of our findings:

Weekend Top 5 choice is this short read on the latest EY AI Survey. It reveals that AI investments are set to double, and yet many companies are neglecting to implement the necessary infrastructure for success. AI is definetly positioned to become centre point for corporate growth strategy and businesses will need to balance custom AI dev with out of the box solutions, implement responsible AI practices, & invest heavily in both AI talent and upskilling staff. By aligning AI initiatives with strategic business goals, companies can navigate the complex nature of AI adoption & position themselves as leaders in an already heavily saturated, yet increasingly AI-driven market. #AIInvestment #WorkOfTheFuture #ResponsibleAI #TechInnovation #AITransformation