Observed Signal · Nov 30, 2023 · Research Publication · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Executives Expect Big Productivity Gains from Generative AI, Study Finds
A new study by management consultancy Roland Berger finds that executives worldwide have high expectations for generative AI such as ChatGPT and DALL-E. 82% of managers believe productivity gains of up to six percent are achievable by 2025, with more than a fifth even expecting gains of up to 20%. The analysis is based on a global quantitative survey of 100 executives and a series of qualitative interviews. Already, 47% of companies use generative AI tools, with adoption ranging from 71% in the retail sector and 67% in communications to just 14% in manufacturing. Over half of participants expect no change in headcount. According to VC firm Atomico, 35% of European AI funding now flows into generative AI projects, up from 5% the previous year. Roland Berger outlines a three-step implementation process and says companies can begin first use cases within about four months.
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Key Takeaways & Evidence Grounding
- Roland Berger's study surveyed 100 executives globally plus qualitative interviews.
- 82% of managers expect productivity gains of up to 6% by 2025; more than a fifth expect up to 20%.
- 47% of companies already use generative AI tools such as ChatGPT and DALL-E 2.
- Atomico analysis shows 35% of European AI funding now goes to generative AI, up from 5% the previous year.
- Roland Berger estimates companies can start implementing concrete AI use cases within about four months.
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