Security News > 2023 > November > Tech leaders struggle to keep up with AI advances

New data reveals artificial intelligence is challenging organizations in significant ways, with only 15% of global tech leaders reporting they are prepared for the demands of generative AI and 88% saying stronger regulation of AI is essential, according to Harvey Nash.

Concerns around the effective application of AI are significant, with almost 9 in 10 global leaders saying stronger regulation of AI is critical, yet 61% say it won't be effective, compared to 54% in the US who say the same.

AI is the number one reported tech skills shortage in the US. "Despite the attention around AI, the application and adoption of AI is really in its nascent stage," said Jason Pyle, President of Harvey Nash US & Canada Market.

"What our survey findings reveal is that the technology behind AI is moving faster than the strategies and policies to support it, and tech leaders are finding themselves squeezed in the middle. As we look ahead to 2024, we expect tech leaders to focus on a few key areas within AI: developing more guidelines around the use and application of AI, putting safety and privacy front and center, and demonstrating its ROI and metrics."

45% of US tech leaders expect an increase in their budgets and 46% of US leaders expect to increase headcount, similar to 50% of global leaders who say the same.

In the US, the number of tech leaders struggling to find cybersecurity talent has dropped sharply from 43% to 18%. 68% of global tech leaders are members of the operational board/executive management team, the highest level since 2017.

News URL

https://www.helpnetsecurity.com/2023/11/09/generative-ai-demands/