logo
By 2027, 50% of business decisions will be augmented by AI agents for decision intelligence: Report

By 2027, 50% of business decisions will be augmented by AI agents for decision intelligence: Report

Economic Times6 hours ago

According to a report by Gartner, Inc., by 2027, 50% of business decisions will be augmented or automated by AI agents for decision intelligence.
This integration will enhance decision flows by handling complex analysis and data retrieval. Gartner recommends D&A leaders prioritise critical decisions that can benefit from advanced AI. Idoine cautioned that AI agents aren't "a panacea, nor are they infallible," stressing the need for effective governance and human AI literacy.
Another significant prediction in the report is that organisations that prioritise AI literacy for their executives are projected to achieve 20% higher financial performance by 2027. Additionally, Gartner suggests D&A leaders implement experiential upskilling programs, such as developing domain-specific prototypes to make AI tangible.
However, a critical challenge highlighted in the report is that by 2027, 60% of D&A leaders will face critical failures in managing synthetic data, risking AI governance, model accuracy, and compliance. While synthetic data is crucial for privacy and generating diverse datasets, complexities arise in ensuring its accuracy, scalability, and integration.
Additionally, looking ahead, by 2028, 30% of GenAI pilots will be built in-house for large-scale production, driven by lower costs and increased control, rather than relying on packaged applications. Building GenAI models internally offers greater flexibility and long-term value.
Lastly, by 2029, 10% of global boards are predicted to utilize AI guidance to challenge executive decisions that are material to their business. As AI becomes integral to board-level strategy, robust data governance, regulatory clarity, and reputation management will become paramount. "Nearly everything today - from the way we work to how we make decisions - is directly or indirectly influenced by AI. But it doesn't deliver value on its own - AI needs to be tightly aligned with data, analytics and governance to enable intelligent, adaptive decisions and actions across the organisation," said Carlie Idoine, VP Analyst at Gartner.Gartner's key predictions include a significant increase in business decisions augmented or automated by AI agents, a direct correlation between executive AI literacy and higher financial performance, and potential critical failures in managing synthetic data that could risk AI governance, model accuracy, and compliance.The company advises integrating some strategic assumptions into their planning over the next two to three years.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Your bank locker may be sealed! Haven't signed the updated locker rent agreement? Here's what banks may do
Your bank locker may be sealed! Haven't signed the updated locker rent agreement? Here's what banks may do

Time of India

time43 minutes ago

  • Time of India

Your bank locker may be sealed! Haven't signed the updated locker rent agreement? Here's what banks may do

The revised locker agreement now includes provisions allowing customers to seek legal remedies if banks fail to safeguard their locker contents. (AI image) Have you signed the updated locker agreement with your bank? If not, you are at the risk of losing your locker. Customers who have bank lockers face the risk of losing access if they fail to sign a revised rental agreement with their banks. Approximately 20% of locker renters could be denied access for not meeting regulatory timelines. The revised locker agreement now includes provisions allowing customers to seek legal remedies if banks fail to safeguard their locker contents. Banks are considering measures against non-compliant customers as the Reserve Bank of India ( RBI ) monitors compliance levels. Sources told ET that banks have approached both the regulator and government officials seeking authorisation to dispatch final notices and potentially seal lockers. These actions aim to ensure adherence to regulations whilst protecting banks from supervisory concerns. Bank Locker Agreement Currently, banks limit their actions to sending reminder notices to customers about agreement renewals. A government representative confirmed that they are reviewing the appeal from public sector banks. The RBI's updated guidelines for locker agreements required complete implementation by March 2024. In August 2021, RBI instructed banks to implement revised agreements with existing locker holders by January 1, 2023, considering technological advancements, customer complaints and feedback. Subsequently, RBI extended the implementation deadline to December 2023, followed by a further extension to March 2024. Also Read | ITR filing FY 2024-25: Do you need to file your income tax return if TDS has been deducted? Explained "There are customers who, despite reminders, have not turned up.... Then there are some genuine cases due to legal issues between parties involved," said a bank executive. During discussions with the RBI, banks have requested permission to suspend locker operations and issue notices when customers fail to comply, according to another banking official. "Meanwhile, we have requested that the compliance date of March 2024 should be extended, including the time given to the customer for compliance, which can be four months," said the banker cited immediately above. The banker suggested December 2025 as the new deadline for banks to achieve full compliance with RBI regulations. Also Read | Big e-Aadhaar revamp on the cards! No more photocopies of Aadhaar card required, updation to become easy; check top steps Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Turn your creative vision into innovative products with IIM Kozhikode's Professional Certificate Programme in Design Thinking and Innovation with AI programme
Turn your creative vision into innovative products with IIM Kozhikode's Professional Certificate Programme in Design Thinking and Innovation with AI programme

Time of India

timean hour ago

  • Time of India

Turn your creative vision into innovative products with IIM Kozhikode's Professional Certificate Programme in Design Thinking and Innovation with AI programme

Innovation and new ideas take centre stage in a fast-evolving business world today. To bring ideas to life, it is necessary to have a design approach that encourages teams to explore unconventional solutions, leading to breakthrough products that get discussed in the market. Today, design thinking is considered as the main driver of business growth, operational efficiency, and differentiation in crowded markets, making it a significant asset for organisations that want to go off the beaten path. According to Adobe 1 , design thinking results in more satisfied and loyal customers and 41 percent report greater market share as an advantage of having advanced design practices. According to a report by McKinsey 2 , design-led companies have outperformed the S&P index by 219% over ten years. This shows the importance of design thinking and its demand. To learn design thinking skills that will help students to scale their careers, the Professional Certificate Programme in Design Thinking and Innovation with AI, offered by the Indian Institute of Management Kozhikode , helps learners with a comprehensive approach to problem-solving. The programme helps with a design thinking approach that encourages empathising with people, defining problems clearly, ideating innovative solutions, creating prototypes, and testing their effectiveness in real-time. How does this programme integrate AI with design thinking? AI, when paired with design thinking, guarantees results that enhance productivity, innovation and growth. IIM Kozhikode's Professional Certificate Programme in Design Thinking and Innovation with AI helps learners explore and utilise AI's potential to come up with market-savvy solutions that go beyond conventional approaches. It will help learners gain hands-on experience and practical knowledge to identify opportunities and drive organisational innovation using cutting-edge AI technologies. Who is this programme for? ● Designers, UX/UI Consultants, and Creative Managers who aim to integrate AI and design thinking into creating innovative, customer-centric solutions. ● Product, Marketing, and R&D Managers who are looking to blend AI and design thinking to create impactful, market-driven innovations. ● CXOs, Founders, and Strategy Officers who are aiming to scale businesses through customer-focused innovation, enhanced by AI. ● Innovation and Growth Consultants seeking to leverage AI-driven design thinking to deliver transformative results for their clients. What are the key advantages of the programme? ● This programme will give a comprehensive coverage of AI and Generative AI in design thinking processes and innovation. ● Industry experts would conduct live masterclasses on AI and Generative AI ● A capstone project would challenge learners to solve problems and think differently ● Interesting quizzes and case studies will help learners test their knowledge on subjects ● The programme has expert-led office hours and discussion boards for in-depth engagement ● The programme will offer recorded video lectures delivered by renowned IIMK faculty ● Upon the completion of the programme, a certificate of completion will be presented by IIM Kozhikode, which is considered one of India's top B-schools ● Learners will acquire problem-solving and critical thinking skills to solve industry-specific questions A one-of-a-kind programme with solid outcomes This 25-week programme will help learners to understand the fundamentals of design thinking and its application in innovation. It will also explain the role of AI and how to utilise it for driving business success. It will also teach learners to use AI to create and refine design prototypes and test their impact on sustainability metrics. The programme will also help learners navigate innovative business models and service delivery systems by incorporating agile design principles and AI technologies. Programme details Programme fee: INR 1,30,000 Programme starts on: June 26, 2025 Format: Online Eligibility: Minimum graduate or Diploma holder (10+2+3) As organisations globally recognise the power of design thinking, there has never been a better time to upskill and take your career to newer heights in this transformative field. Learning from a prestigious institution like IIM Kozhikode which has a #3 NIRF (2024) ranking, significantly enhances the value of a learner's portfolio. To learn more about the programme, click here. Reference: 1. 2.

Meta Dangles $100M Bonuses to Lure OpenAI Engineers, Says CEO Sam Altman
Meta Dangles $100M Bonuses to Lure OpenAI Engineers, Says CEO Sam Altman

Hans India

timean hour ago

  • Hans India

Meta Dangles $100M Bonuses to Lure OpenAI Engineers, Says CEO Sam Altman

OpenAI CEO Sam Altman revealed that Meta Platforms Inc. has been making aggressive moves to attract OpenAI employees by offering staggering signing bonuses—some as high as $100 million. Speaking on Uncapped, a podcast hosted by his brother Jack Altman, the AI leader called the offers 'crazy' and pointed to a growing rivalry in the artificial intelligence space. 'They started making giant offers to a lot of people on our team,' Altman said in the episode released Tuesday. 'You know, like $100 million signing bonuses, more than that in compensation per year. So far, none of our best people have decided to take them up on that.' While acknowledging Meta's growing ambitions in AI, Altman emphasized that innovation and mission-driven culture—not just money—keep top talent grounded at OpenAI. 'There are many things I respect about Meta as a company,' he noted, 'but I don't think they're a company that's great at innovation.' He warned that oversized compensation without a strong sense of purpose could shift focus away from meaningful work. 'I think we understand a lot of things they don't,' Altman added. This development follows Meta's recent announcement of a $14.3 billion investment in Scale AI, a key player in data labelling for AI model training. Meta also onboarded Alexandr Wang, founder of Scale AI, to spearhead its newly formed 'superintelligence' division. This elite team, personally overseen by CEO Mark Zuckerberg, aims to position Meta at the forefront of the AI race. In its ongoing recruitment push, Meta has reportedly poached several top minds from competitors, including Jack Rae, a former principal researcher at DeepMind. Despite this aggressive talent grab, OpenAI appears to be holding its ground. Altman maintained that a shared sense of purpose and the opportunity to work on groundbreaking innovation continue to be powerful motivators for his team. As the AI arms race accelerates, it's clear that the battle for brains is heating up—and for now, OpenAI isn't backing down.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store