Latest news with #AIAdoption
Globe and Mail
28-05-2025
- Business
- Globe and Mail
AI Innovations for Future-Ready Business Leaders
Event summary produced by The Globe and Mail Events team. The Globe's editorial department was not involved. AI is reshaping industries at an unprecedented pace, presenting organizations with both transformative opportunities and complex challenges. To stay ahead, business leaders and experts are seeking actionable insights on driving innovation, optimizing efficiency, and overcoming the hurdles of AI adoption. Success in this evolving landscape hinges on addressing critical factors such as regulatory compliance, ethical considerations, and seamless integration strategies—ensuring organizations unlock AI's full potential while mitigating risks. On Wednesday, May 21st, The Globe and Mail hosted a half-day hybrid event dedicated to exploring the most effective AI strategies in practice today. Through insightful discussions, industry leaders emphasized the importance of governance and safeguards while offering a forward-looking perspective on emerging innovations set to shape the future. Panelists and speakers shared groundbreaking solutions to help businesses maintain a competitive edge, providing strategies to enhance IT frameworks and maximize AI-driven investments. The event also spotlighted key themes such as data management and operational optimization, with thought-provoking conversations on harnessing AI for smarter decision-making and streamlined workflow efficiency. Missed the live event or would like to view it again? Scroll down to the video below. Speakers: The Globe and Mail presented the event with sponsor support from NOVIPRO Group. To learn about upcoming Globe and Mail events visit
Forbes
13-05-2025
- Business
- Forbes
10 Key Findings From AWS Generative AI Adoption Index
AWS GenAI Adoption Index For all the buzz about artificial intelligence reshaping work, concrete data on how it's happening has been scarce. That is starting to change. Amazon Web Services, in collaboration with Access Partnership, has released the "AWS Generative AI Adoption Index," an initiative to rigorously track AI's impact on organizations and their adoption strategies. Released this month, the index offers data-driven insight into how businesses incorporate generative AI into their operations. It is based on responses from over 3,739 IT decision-makers across nine countries rather than hypothetical projections. The goal is to provide executives with an empirical baseline for strategic decisions regarding AI, cutting through the hype with actual data on where AI is making an impact. Here are 10 key takeaways from the AWS Generative AI Adoption Index report: The index reveals that 45% of surveyed IT decision-makers ranked generative AI tools as their top budget priority for 2025, surpassing traditional priorities like security tools (30%). This shift underscores a growing focus on AI-driven innovation and growth across organizations. Impact: Businesses should carefully balance innovation and security when allocating IT budgets, ensuring AI adoption doesn't compromise their security posture. A remarkable 60% of organizations have already appointed Chief AI Officers, with another 26% planning appointments by 2026. This trend reflects a fundamental shift in how organizations view AI—not merely as another technological tool but as a breakthrough requiring strategic oversight at the highest levels. Impact: Organizations should consider establishing clear AI leadership roles to ensure coordinated, strategic implementation across departments. While 90% of organizations now deploy generative AI tools, 44% have advanced beyond early testing to production deployment. Organizations conducted an average of 45 AI experiments in 2024, but only 20 will reach end-users by 2025, highlighting implementation challenges. Impact: Companies should focus on bridging the gap between experimentation and production by addressing technical and organizational barriers. Organizations identify lack of skilled AI workforce as the biggest barrier (55%) preventing them from taking generative AI experiments into production. Other challenges include perceived high costs (48%) and concerns about biases and hallucinations (40%). Impact: Organizations need comprehensive talent strategies that combine hiring, training and partnership with external experts. Rather than developing solutions from scratch, most organizations customize pre-existing AI models to fit their workflows and datasets. Only 25% intend to deploy solutions developed in-house from scratch, while 58% plan to build custom applications on out-of-the-box models. Impact: Businesses should evaluate their specific needs to determine the optimal blend of custom development and ready-made solutions. Interestingly, 44% of financial services firms plan to use out-of-the-box solutions, departing from traditional custom development approaches. This reflects the growing recognition of the benefits of faster deployment and access to advanced AI capabilities that out-of-the-box applications can offer. Impact: Even heavily regulated industries can benefit from pre-built AI solutions with appropriate customization and oversight. External partners are emerging as key enablers of AI transformation, with 65% of organizations planning vendor collaboration for deployment. Strong partnerships between external expertise and internal capabilities will be critical for successful generative AI deployment. Impact: Organizations should develop strategic partnerships with vendors who can provide both technology and implementation expertise. To address the talent gap, 56% of organizations have already developed generative AI training plans, with another 19% planning to do so by end-2025. However, 52% report that a limited understanding of employees' AI training needs is the top challenge in developing these plans. Impact: Companies should conduct thorough skills assessments before designing AI training programs. In 2025, 92% of organizations plan to recruit for new roles requiring generative AI expertise. For 26% of those surveyed, at least half of new positions will demand AI skills, with the ICT sector leading this trend at 35%. Impact: Organizations should begin developing AI-focused recruitment strategies immediately to compete for limited talent. While only 14% of organizations currently have a change management strategy for AI adoption, this will increase to 76% by end-2026. However, a concerning 24% will still lack formal transformation strategies by then. Impact: Businesses must develop comprehensive change management approaches that address operating models, data practices and organizational culture to successfully integrate AI. Looking forward, the AWS study suggests that generative AI's role in the workplace will continue to evolve and expand. Organizations that view AI as a collaborative partner rather than a replacement technology will be best positioned to capture its benefits. Success will require ongoing investment in workforce training, careful attention to emerging AI capabilities and a commitment to fostering a culture that embraces AI-human collaboration. The key to thriving in this new landscape lies not in wholesale automation but in thoughtful integration that enhances human capabilities while preserving the unique value that human workers bring to their roles. Organizations that master this balance will be best positioned to compete in an increasingly AI-enhanced business environment.
Times of Oman
08-05-2025
- Business
- Times of Oman
Scientific symposium explores AI's role in business management
Ibri: The College of Economics and Business Administration at the University of Technology and Applied Sciences in Ibri on Thursday organised a specialised scientific symposium titled "Artificial Intelligence in Business Management." The event was held under the auspices of Dr. Ahoud Said Al Balushi, Member of the State Council. The symposium aimed to discuss the rapid transformations driven by AI technologies across business management fields, showcase national experiences, and examine opportunities and challenges in AI adoption while forecasting its future roles in employment and workplaces. Dr. Al Ameer Nasser Al Alawi, Assistant Vice Chancellor of UTAS-Ibri, stated: "AI has become an undeniable reality—no longer a luxury but a strategic tool enabling institutions to enhance operational efficiency, support decision-making, optimise resource management, and deliver exceptional services aligned with modern societal aspirations."
