As suits say they're burning cash on brainboxes without seeing results
Executives have leaned in to AI, only to stumble before reaching any return on their investment.
"Most AI spending has under-delivered, leaving execs feeling like they’re burning cash," says employment biz G-P in its third annualSixteen percent of companies saw a negative ROI from AI investments last year, and 73 percent of executives whose AI efforts did pay off said ROI fell short of expectations, according to the report. These findings are based on a survey of 2,850 executives in the US, Germany, Singapore, Australia, and France, including a separate set of 500 US HR professionals.
Hollywood A-listers back proposed standard that would pay them when AI uses their likeness or workOpenAI can't have incompetent AI consultants ruining the market, so bought its own Beyond their worries about financial benefits, corporate execs in the G-P survey have doubts about the reliability of AI, a concern borne out by Only 23 percent of the G-P respondents said they have total confidence in AI accuracy. Those concerns mean 69 percent said they spend more time monitoring and reviewing AI, while 61 percent expressed concerns about using AI to craft sensitive documents because they doubt the output is legally accurate.
Moral unease doesn't appear to be doing much to help corporate leaders empathize with workers, however. The survey found that"82 percent of executives admit AI has lowered the value they place on human employees.
" In fact, these leaders appear to have become somewhat suspicious of their people – about 88 percent expressed concern that employees are using AI performatively rather than adding business value. But among such misanthropic, skeptical managers, there's enough lingering humanity to ensure that only 12 percent strongly agree"that sacrificing employee privacy for AI monitoring is worth it to reach business goals.
"Despite the sense that AI has reduced how human workers are valued, about half of execs still cite the scarcity of employees with AI skills and the lack of data literacy as barriers to their AI goals.
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From Prompt to Exploit: How LLMs Are Changing API AttacksCatch the Advanced Attacks Microsoft 365 Misses with Behavioral AI SecurityAI Found the Problem. Now What? Step into the chaos of a live ransomware breach, test your response skills, and team up with other IT and security pros to outsmart cybercriminalsRansomware attacks aren’t slowing down, and neither are we. Druva’s hit event, Escape Ransomware, is now fully virtual.
Not all bad news: Crypto billionaire signs up for a mission to MarsOutlook has an image problemIrish Rail writes down €50M after train IT project goes off the rails State-owned operator loses confidence in delayed traffic management system as politicians compare Ireland’s latest public-sector IT fiasco to 'Groundhog Day'Not all bad news: Crypto billionaire signs up for a mission to MarsOutlook has an image problemIrish Rail writes down €50M after train IT project goes off the rails State-owned operator loses confidence in delayed traffic management system as politicians compare Ireland’s latest public-sector IT fiasco to 'Groundhog Day'Not all bad news: Crypto billionaire signs up for a mission to MarsOutlook has an image problemCustomers' info potentially handed to anyone who could send an HTTP requestState-owned operator loses confidence in delayed traffic management system as politicians compare Ireland’s latest public-sector IT fiasco to 'Groundhog Day'Nobody believes the 'criminals and scumbags' who hacked Canvas really deleted stolen student data
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