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How business leaders can deliver impactful change with AI

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How business leaders can deliver impactful change with AI

Amid rising financial pressure and increasing consumer expectations, business leaders across all industries are turning to AI as the silver bullet to drive greater efficiency, reduce costs, and secure a competitive advantage. No longer seen as just another tech buzzword, today AI is considered a pivotal tool in an organization’s digital armory, with 60% of CEOs expecting generative AI (GenAI), in particular, to improve product or service quality over the next year. As a result, nine-tenths (87%) of C-Suite executives feel pressured to rapidly implement GenAI solutions, at speed and scale.

The excitement surrounding GenAI – known for its ability to create text, images, and other media from simple prompts – is well-founded. It promises to revolutionize content creation, customer service, and numerous other domains. In fact, according to Gartner’s research, global spending on AI is expected to reach £229 billion by 2027, with enterprise applications embedding of GenAI comprising a significant portion of this investment.

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