Australian organisations have ranked 4th in an evaluation of how commonly business in 16 nations are utilizing and executing generative AI. The study, carriedout by information analytics company SAS, discovered that 63% of Australian companies are now utilizing generative AI.
The findings, based on actions from 1,600 worldwide AI and information analytics choice makers, discovered that Australian generative AI use is ahead of the international typical and that Australia is leading the pack when it comes to the implementation of generative AI-related policies.
Which nations are totally executing generative AI?
Sixty-three percent of Australian organisations state they usage generative AI. Australian business sit behind China (83%), the U.K. (70%) and the U.S. (65%), according to SAS, however are ahead of the worldwide typical, with 54% of business aroundtheworld utilizing generative AI.
Businesses in the APAC area as a entire, led by China, are amongst the world’s most starved adopters of AI. Although North America is ahead in total use of AI (70%), APAC organizations are not far behind, with a overall of 63% utilizing it at some level within their organisations.
Usage does not mean they’re totally executing the tool. Only 8% of Australian business surveyed by SAS have totally executed generative AI, behind the 11% worldwide typical. Many regional organizations are still exploring with or piloting generative AI usage cases.
SEE: 9 Innovative Use Cases of AI in Australian Businesses in 2024
It is a comparable story in China, where, regardlessof really high use, just 19% of organisations have totally executed generative AI. The U.S. is leading the pack when it comes to complete application, SAS discovered, with 24% of organisations totally releasing the innovation.
Australian organisations pleased with generative AI rollouts
Australian companies attain excellent results when they do release AI. For example:
- 91% reported muchbetter worker experience and completesatisfaction, compared with 89% worldwide.
- 85% stated they are making costsavings on functional expenses, compared with 82% worldwide.
- 89% specified that consumer retention is greater thanks to AI, compared with 82% worldwide.
Craig Jennings, SAS vice president and handling director of ANZ, stated he was seeing regional organisations enhance staffmember fulfillment and functional effectiveness while releasing up resources for “enhanced development and client experiences.”
Data security is the leading generative AI issue in Australia
Seventy-two percent of Australian participants name information security as their leading issue when it comes to generative AI. According to SAS, this was followed by:
- Data personalprivacy (64%).
- Ethical ramifications (64%).
- Over-reliance or dependen