Joe McKendrick is an author, independent researcher and speaker exploring innovation, information technology trends and markets. He’s covered the impact of AI on jobs, including 'Generative AI As A Killer Of Creative Jobs? Hold That Thought.' He served as co-chair of the 2023 AI Summit in New York, as well as the 2021 and 2022 Summits.
Most members of corporate boards are there because they are accomplished within their industries, and demonstrate great understanding of their domains. Still, it seems the mania over generative AI has even swept into the top echelons of companies — potentially even at the cost of less “sexy” predictive AI projects.
Surprisingly, the larger the company, the less likely they are to have a blank check. At least 29% of executives with the smallest companies in the survey report having blank checks for AI, compared to 12% of larger corporations with $1 billion to $5 billion in revenues. “This may indicate that companies see AI as a path to competitive differentiation and growth,” the survey’s authors muse.
Election 2024 Swing State Polls: Harris Leads Or Ties Trump In All Battleground States, Latest Survey Finds Predictive or machine-learning AI — more focused on numerical analysis and behind the scenes — remains the top form of AI in production, the study also finds. Fifty-three percent have predictive AI running within their enterprises, compared to 49% have put generative AI into action. A combined total of 41% of executives report they have projects that use both predictive and generative AI in production.
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