Global Enterprises Struggle to Attract Key AI Talent, Threatening AI Ambitions: Survey

Date:

Over a third of global CIOs are facing challenges in achieving their AI aspirations due to a lack of crucial skills in AI, data, and automation. A recent survey of 650 technology leaders from enterprises worldwide revealed that 35% of them are struggling to retain or attract talent in these key areas, posing a significant threat to their AI ambitions.

The research, conducted by IDC InfoBrief and commissioned by Expereo, Enterprise Horizons 2024, found that despite AI being a top priority for CIOs globally, many enterprises are falling short in terms of expertise. Not only are they struggling to recruit or retain the right talent, but they are also facing issues with external technology partners who may not have the capabilities to support AI initiatives effectively.

Among the leading obstacles to achieving AI ambitions are challenges related to AI governance and ethics, such as regulation, trust, and data protection. Additionally, training employees for new ways of working brought about by AI is a significant IT challenge, as is understanding how employees utilize AI tools.

Network performance and flexibility are also key factors hindering companies from implementing AI at scale. Issues such as network performance, application responsiveness, and scalability on demand are prevalent concerns among global respondents. Interestingly, recruiting networking talent was cited as a more significant challenge than hiring data, AI, and automation experts, highlighting the crucial need for core infrastructure talent.

Despite these challenges, a significant number of CIOs are cautiously moving forward with AI implementation, while others are eager to take on AI initiatives. However, there is a portion of enterprises that are not yet ready to embrace AI fully. The survey also revealed that cybersecurity AI initiatives are expected to be implemented by over a quarter of global respondents in the next 12 months.

See also  CoreWeave: From Startup to AI Powerhouse, Riding the Nvidia Wave

Ben Elms, CEO of Expereo, emphasized the importance of balancing innovation, responsibility, and effectiveness in adopting AI technology. He highlighted the need for outsourcing expertise and partnering with the right technology providers to support AI initiatives successfully.

In conclusion, while global CIOs are optimistic about AI, they must address the skills gap in AI, data, and automation to realize their AI ambitions fully. By focusing on networking technology, data strategies, and core tech infrastructure, enterprises can overcome the hurdles hindering their AI initiatives and drive innovation successfully.

Read more about the IDC InfoBrief, Enterprise Horizons 2024, for comprehensive insights into the challenges and opportunities in AI implementation.

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

Share post:

Subscribe

Popular

More like this
Related

Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tech Evolution: From Obama’s Optimism to Harris’s Vision

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report

Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.

The Future of Good Jobs: Why College Degrees are Essential through 2031

Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.