Press release
Workday Global Survey: 98% of CEOs Say Their Organizations Would Benefit from Implementing AI, But Trust Remains a Concern
47% of Leaders Believe AI and ML Will Significantly Amplify Human Potential; 45% of CEOs Believe AI and ML Will Create a More Equitable and Diverse Workforce
About this update from Workday, Inc.
[{"type":"text","content":"47% of Leaders Believe AI and ML Will Significantly Amplify Human Potential; 45% of CEOs Believe AI and ML Will Create a More Equitable and Diverse Workforce \nPLEASANTON, Calif., Sept. 14, 2023 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today published its latest global study examining how AI and machine learning (ML) will impact how the future works. The report, which is based on insights from 2,355 business leaders from the offices of the CEO, CIO, CHRO, and CFO, reveals that leaders are optimistic about the potential impact of AI and ML despite concerns about trust and data accessibility. \n\n \n \n \n \n \n \n\n \nKey findings include:\n98% of CEOs said there would be some immediate business benefit from implementing these capabilities. 47% of all business leaders believe AI and ML will significantly amplify human potential.43% of all business leaders are concerned about the trustworthiness of AI and ML.59% of respondents said their organizations' data is somewhat or completely siloed.Only 4% of all respondents said their data is fully accessible.\"Despite some uncertainty, leaders are optimistic that AI and ML will augment their workforce and drive productivity,\" said Jim Stratton, chief technology officer, Workday. \"Trust is paramount to embracing these benefits, and building trust requires the right data foundation and commitment to governance. By implementing trustworthy solutions that prioritize data quality and transparency, companies can reap the rewards of AI and ML across their organization.\"\nAI and ML: Not Just Hype \nCEOs and other business leaders know that AI and ML will impact their organizations, but some have been hesitant to fully embrace the technology. 71% said the global business landscape will be affected in the next three years, and 64% believe their organization as a whole will be affected by AI and ML in the next three years. \nNearly all (98%) CEOs surveyed said there would be some immediate business benefit from implementing AI and ML, with the top benefits being increased productivity, data-driven decision-making, and improved collaboration. Despite this, 49% of CEOs said their organization is unprepared to adopt AI and ML as they lack some or all the tools, skills, and knowledge necessary to embrace these technologi...