PwC Ireland has announced that it is expanding its collaboration with Microsoft in the field of artificial intelligence (AI). The two companies have launched the PwC GenAI Business Centre, which aims to promote the adoption of AI in a safe and secure manner for clients. This move is part of PwC’s strategy to be at the forefront of technology-enabled change.
Enda McDonagh, managing partner at PwC Ireland, expressed his belief that this investment will revolutionize the way they deliver their work. The collaboration with Microsoft will allow them to harness the power of Generative AI responsibly and securely, thereby building trust and driving positive outcomes for their clients.
The appointment of Martin Duffy as Head of GenAI is another step taken by PwC to strengthen their consultancy business in the AI field.
Microsoft Ireland’s general manager, Anne Sheehan, welcomes PwC’s investment in AI and sees it as a driver of transformation for their mutual customers in both the private and public sectors. She emphasizes that AI technology is designed to amplify human ingenuity and accelerate productivity and innovation.
Despite the potential benefits of AI, PwC’s research indicates that its adoption among Irish organizations is still relatively low. Only 60% of Irish business leaders reported that they are considering or using AI to a limited extent. However, there is enthusiasm for potential AI applications such as financial and sales planning, enhancing supply chains, developing new products, and forecasting market conditions.
PwC’s Aisling Curtis acknowledges the slow adoption of AI in Irish business and highlights the need for better AI governance, understanding of AI capabilities, measurement of return on investment, and trustworthy algorithms with the right data for training.
In conclusion, PwC Ireland’s expansion of its AI collaboration with Microsoft through the launch of the PwC GenAI Business Centre demonstrates their commitment to embracing innovative technologies. This collaboration aims to promote the responsible adoption of AI to drive positive outcomes for their clients and contribute to the overall advancement of the Irish economy.
Frequently Asked Questions (FAQs) Related to the Above News
What is the PwC GenAI Business Centre?
The PwC GenAI Business Centre is a collaboration between PwC Ireland and Microsoft aimed at promoting the adoption of artificial intelligence (AI) in a safe and secure manner for clients.
What is the goal of the PwC GenAI Business Centre?
The goal of the PwC GenAI Business Centre is to harness the power of Generative AI responsibly and securely, building trust and driving positive outcomes for clients.
Who is the Head of GenAI at PwC?
Martin Duffy has been appointed as the Head of GenAI at PwC.
How does Microsoft Ireland view PwC's investment in AI?
Microsoft Ireland's general manager, Anne Sheehan, sees PwC's investment in AI as a driver of transformation for their mutual customers in both the private and public sectors. She believes AI technology can amplify human ingenuity and accelerate productivity and innovation.
What is the current adoption rate of AI among Irish organizations?
According to PwC's research, only 60% of Irish business leaders reported considering or using AI to a limited extent, indicating a relatively low adoption rate.
What potential areas are there for AI applications in Irish business?
PwC's research highlights potential AI applications such as financial and sales planning, enhancing supply chains, developing new products, and forecasting market conditions.
What are the challenges in the adoption of AI mentioned by PwC?
PwC acknowledges the slow adoption of AI in Irish business and highlights the need for better AI governance, understanding of AI capabilities, measurement of return on investment, and trustworthy algorithms with the right data for training.
How does PwC Ireland's expansion of AI collaboration benefit the Irish economy?
PwC Ireland's expansion of AI collaboration aims to contribute to the overall advancement of the Irish economy by embracing innovative technologies and promoting the responsible adoption of AI for positive outcomes.
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.
