Published: 10 January 2024
Summary
CTOs can avoid obstacles to scaling GenAI by embracing emerging industry best practices. They must prioritize business value, focus on AI literacy and responsible AI, nurture cross-functional collaboration, and stress continuous learning to achieve successful outcomes.
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Overview
Key Findings
Generative AI (GenAI) has the potential to transform businesses across industries. Most business and technology leaders believe that the benefits of GenAI far outweigh its risks, despite the significant risks it poses and potential regulations likely to emerge in the near future.
Formulating a robust strategy for GenAI that aligns with the business strategy continues to be a challenge for technology leaders. Responses to GenAI range from banning it outright to ad hoc experimentation at an individual or department level. Lack of understanding about emerging industry best practices is constraining organizationwide pilots and scalable production deployments.
The pace
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