It’s still early days for generative artificial intelligence, but the latest developments in this innovative technology that’s making waves around the world is clearly on the minds of Canada’s chief executive officers. According to our 26th Annual Global CEO Survey, 69% of Canadian CEOs believe technology disruptors like AI will impact profitability over the next 10 years. With many CEOs questioning whether their businesses will still be viable in a decade, organizations can’t wait to start figuring out the role generative AI can play in their long-term future.
While addressing the many unknowns and uncertainties is critical, it’s also important to acknowledge the growth opportunities. For organizations that successfully incorporate the right level of human insight and ingenuity to capture the full power of generative AI, it’s a chance to push past the discomfort this technology creates to become the market leader. But with so much happening so quickly, companies need to take action to demystify generative AI and assess the transformative possibilities it opens up.