Are leaders ready for AI? 2024 Egon Zehnder and Kearney survey gives an answer.

Are leaders ready to seize the opportunities of Artificial Intelligence? This question is being raised in the latest Egon Zehnder and Kearney executive survey. 100 executives from four countries and six sectors gave their assessment on how prepared their organizations and themselves are to use AI. With the following results:

• More than 90% agree that AI represents an opportunity for them in their roles rather than a risk.
• 85% see AI as an opportunity to improve their organization's capabilities.

To start developing a strategy to increase organizational readiness the survey names five success factors:

• Business case development. Evaluate the potential for value creation meticulously. This involves a comprehensive assessment of benefits, costs, practicality of implementation, and associated risks before deploying generative AI applications. By prioritizing value creation, leaders can ensure the adoption of effective AI initiatives.

• Data quality management. Prioritize the integrity of data. It is crucial to ensure that the data fueling generative AI is accurate, complete, and free from biases to yield dependable and valuable results.

• Security controls. Establish a robust data security framework. This should include defining user access levels and security measures that adhere to governance, compliance, ethical standards, and privacy regulations.

• Architectural design. Craft an architectural framework that is inherently scalable. This design should be capable of evolving to meet the demands of future use cases while remaining in line with the organization's core principles and values.

• Change management. Develop a robust change management strategy. This strategy should ensure a smooth transition and integration of generative AI into existing workflows, fostering acceptance and operational harmony. Maintain a people-focused approach during this change, ensuring that all technological changes serve the individuals they are meant to enable.

For the full survey please follow: https://www.egonzehnder.com/de/leadership-in-the-age-of-ai