Anxiety is growing among business chiefs over organisational resilience amid increased use of artificial intelligence (AI), a new study suggests.
The research was carried out by PwC in the run-up to the Davos summit, an annual meeting that allows global leaders to come together to debate the social, political and economic profiles of their respective nations.
The survey, taking in the views of over 4,700 CEOs around the globe, showed that nearly half (45%) of those polled are feeling the pressures connected to the employment of generative AI and the changes the technology is bringing to business.
Bob Moritz, PwC’s Global Chairman said:
“There’s the 55% who think they don’t have to change radically, and I would argue that’s a little naive because the world is changing so fast around them.”
Around three quarters of the survey’s respondents said they anticipate having to go through major transformation through the next three years, owing to the new demands and pressures brought on by AI.
Doubts over job roles in the advanced tech era have also been expressed, with focus falling on the need for employees to receive fresh training to successfully navigate the evolving threat landscape.
In reference to potential lay-offs and hiring freezes in the tech sector, Juergen Mueller, SAP’s Chief Technology Officer, said:
“If you just look at the same skills, I think yes, there will be impact…”Therefore, what you do need is even better skilled people.”
Is your business ready?
As organisations worldwide move to harness the power of AI, it has never been more important to understand the key issues, from data privacy and security, to regulatory compliance and workforce preparedness.
The subject falls under the spotlight this month at Global Privacy Day, where experts will discuss threats, obligations and opportunities associated with emerging technologies such as AI.
Not to be missed at Global Privacy Day
Safeguarding AI Data
Date: Thursday, January 25th 2024
Time: 13:30 – 14:00 GMT
This engaging discussion aims to demystify common misconceptions surrounding AI data protection while shedding light on factual insights. Participants will navigate through the intricacies of safeguarding AI-generated data, gaining a comprehensive understanding of essential practices.
Whether you’re an AI enthusiast, a data protection professional or simply curious about the intersection of AI and privacy, this session promises to unravel the complexities and provide practical insights for effective AI data protection.
Proficiency in Privacy Impact Assessments: Attaining Comprehensive Compliance Excellence
Date: Thursday, January 25th 2024
Time: 12:30 - 13:00 pm (GMT)
This session will equip participants with the knowledge and tools necessary to master Privacy Impact Assessments (PIAs) and ensure thorough compliance. We’ll explore best practices, case studies and practical insights to help you conduct effective PIAs by mitigating risks and achieving a comprehensive understanding of privacy compliance.
Join us for an engaging discussion that goes beyond theoretical concepts, providing actionable strategies to excel in privacy impact assessments for robust compliance practices.
Safeguarding AI Data and Proficiency in Privacy Impact Assessments: Attaining Comprehensive Compliance Excellence are just two of the exclusive sessions taking place at Global Privacy Day.
Global Privacy Day
Taking place virtually on 25 January 2024, as part of Data Privacy Day, Global Privacy Day will bring together thought leaders and senior industry professionals to discuss the present landscape of data protection and privacy and the current and future challenges that professionals are up against.
This one-day event will provide a platform for attendees to network, exchange ideas, gain insight into the latest developments in the field of privacy, and the opportunity to discuss strategies and best practices to ensure the protection of data.