AI early adopters pull ahead but face more risks, report finds

Leaders at 73% of companies where artificial intelligence is already having an extensive impact on their business model believe they are gaining a strategic advantage, but a similar percentage see the associated risk as a significant organizational concern.

A global report shows that many of those companies are preparing for the increased risk as well as the increased infrastructure required to succeed in an AI-powered business environment, putting them in a favorable position to succeed against their competition.

The report, Executive Perceptions of Artificial Intelligence (AI) Opportunities and Risks: A Global Analysis, is a joint study conducted by the Enterprise Risk Management Initiative and the AICPA and CIMA that surveyed 1,735 executives globally.

About 26% of leaders (453) were labeled as working at “AI-transformed entities” based on their companies’ business model being “mostly” or “extensively” affected by AI. See more findings.