BCG’s survey of 1,400+ C-suite executives reveals that GenAI is quickly changing the way companies do business—but 90% of leaders are still waiting for it to move beyond the hype or pursuing limited experimentation.
2023 marked a turning point for AI. ChatGPT, OpenAI’s wildly popular chatbot, became one of the fastest-growing web platforms of all time and now receives 1.5 billion visits every month. Bing Chat, Bard, and other generative AI (GenAI) competitors quickly followed.
While almost all executives now rank AI and GenAI as a top-three tech priority for 2024, 66% of leaders are ambivalent or dissatisfied with their progress on AI and GenAI—and only 6% have begun upskilling in a meaningful way. How can executives set up their organizations to seize the business opportunities that GenAI offers?
To answer this question, we surveyed 1,400+ C-suite executives in 50 markets and across 14 industries. Their responses provided us with a number of insights.