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GenAI more buzz than biz as tech barely dents jobs

June 21, 2024
theregister.com
Contributed by: Sarah Richardson
Summary
A global survey by Nash Squared reveals that the anticipated transformative impact of Generative AI (GenAI) on the workplace has not yet materialized, despite significant vendor valuations and lofty societal predictions. Interviews with 322 tech leaders globally indicate that while 51% of organizations have implemented GenAI to varying degrees, and 21% to a greater extent, the practical uses have mostly been limited to personal productivity tools like document creation and research. Many organizations are still in the experimental phase, with 39% reporting little to no impact from the technology. The survey also highlights that concerns about misuse, budgetary constraints, and an unproven business case for mass investment are hindering broader adoption. Additionally, the effect on jobs has been minimal, with only 1% of roles being replaced by GenAI and 10% seeing changes in job roles.
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