Australian organisations person ranked 4th successful an appraisal of how wide enterprises successful 16 countries are utilizing and implementing generative AI. The survey, conducted by information analytics steadfast SAS, recovered that 63% of Australian businesses are present utilizing generative AI.
The findings, based connected responses from 1,600 planetary AI and information analytics determination makers, recovered that Australian generative AI usage is up of the planetary mean and that Australia is starring the battalion erstwhile it comes to the deployment of generative AI-related policies.
Which countries are afloat implementing generative AI?
Sixty-three percent of Australian organisations accidental they usage generative AI. Australian enterprises beryllium down China (83%), the U.K. (70%) and the U.S. (65%), according to SAS, but are up of the planetary average, with 54% of enterprises worldwide utilizing generative AI.
Businesses successful the APAC portion arsenic a whole, led by China, are among the world’s astir voracious adopters of AI. Although North America is up successful wide usage of AI (70%), APAC businesses are not acold behind, with a full of 63% utilizing it astatine immoderate level wrong their organisations.
Australia is simply a apical 4 state for endeavor generative AI adoption. Image: SASUsage does not mean they’re afloat implementing the tool. Only 8% of Australian enterprises surveyed by SAS person afloat implemented generative AI, down the 11% planetary average. Many section businesses are inactive experimenting with oregon piloting generative AI usage cases.
SEE: 9 Innovative Use Cases of AI successful Australian Businesses successful 2024
It is simply a akin communicative successful China, where, contempt precise precocious usage, lone 19% of organisations person afloat implemented generative AI. The U.S. is starring the battalion erstwhile it comes to afloat implementation, SAS found, with 24% of organisations afloat deploying the technology.
Australian organisations satisfied with generative AI rollouts
Australian businesses execute bully results erstwhile they bash deploy AI. For example:
- 91% reported amended worker acquisition and satisfaction, compared with 89% globally.
- 85% said they are making savings connected operational costs, compared with 82% globally.
- 89% stated that lawsuit retention is higher acknowledgment to AI, compared with 82% globally.
Craig Jennings, SAS vice president and managing manager of ANZ, said helium was seeing section organisations amended worker restitution and operational efficiencies portion freeing up resources for “enhanced innovation and lawsuit experiences.”
Data information is the apical generative AI interest successful Australia
Seventy-two percent of Australian respondents sanction information information arsenic their apical interest erstwhile it comes to generative AI. According to SAS, this was followed by:
- Data privateness (64%).
- Ethical implications (64%).
- Over-reliance oregon dependence connected generative AI (59%).
SEE: AI applications to complicate hybrid multicloud sprawl successful Australia
Australia is comparatively much acceptable to instrumentality regulations to assistance alleviate these concerns. SAS recovered that astir 3 quarters (73%) of respondents from Australian organisations said they are either afloat oregon moderately prepared for generative AI regulations.
Challenges with governance and monitoring
Australian determination makers said technological limitations (32%), a deficiency of transparency and accountability (28%), and a deficiency of wide guidelines oregon standards (21%) were the biggest challenges erstwhile implementing effectual governance and monitoring of generative AI.
Skills gaps are not arsenic atrocious arsenic successful different regions
Despite a generative AI-related skills shortage, APAC respondents, including Australians, really person little trouble uncovering skills (49%) than different regions do. Europe has the astir trouble astatine 56%, portion lone 44% of North American businesses person a occupation successful this area.
Australia acceptable up good for generative AI growth
Australian enterprises person a fig of foundational ingredients successful spot to enactment deploying generative AI strategically and efficaciously — adjacent if they’ve been slower than different countries successful afloat deploying these tools. These elements include:
- A beardown knowing of generative AI technology.
- The wide implementation of generative AI usage policies.
- Dedicated budgets for caller generative AI initiatives.
Additionally, the study recovered that:
- 87% of Australian respondents reported that they understood AI good oregon had a mean idiosyncratic understanding, compared with 82% of respondents astir the world.
- More Australian businesses (72%) person implemented generative AI usage policies compared with North America (63%), South West and Eastern Europe (60%), and Northern Europe (58%).
Almost each (94%) of Australian organisations that are readying to put successful generative AI successful the adjacent fiscal twelvemonth person managed to unafraid a dedicated fund for the technology. This was connected par with the APAC portion arsenic a full (94%), but up of Northern Europe (91%), South West and Eastern Europe (91%) and North America (89%), according to SAS.
SAS’s Jennings said that, overall, industries arsenic divers arsenic fiscal services, beingness sciences, and retail successful Australia were punching supra their value erstwhile it comes to maturity successful knowing and adoption of generative AI, which bodes good for the aboriginal of the exertion successful the region.
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