By Louis Columbus via LinkedIn Pulse
75% of CEOs used ChatGPT in the first half of 2023, with 44% incorporating it into their jobs.
Source: Gartner 2024 CEO Survey — The Year of Strategy Relaunches
Gartner’s 2024 CEO survey finds that CEOs are on board with AI to a much greater extent than previously believed. 87% of CEOs agree that AI’s benefits to their businesses outweigh its risks. “Digitalization, in general, and AI, in particular, will be core innovative elements in revised business strategies, as will environmental-sustainability-based growth ideas,” writes Gartner in the report.
Driving AI adoption
CEOs who adopt new technologies immediately drive their adoption enterprise-wide because everyone immediately sees those technologies as critical to their jobs. Seasoned CEOs know the quickest way to get a new enterprise app’s adoption rate to go up is to use it themselves and demonstrate their mastery quickly. What’s happening with AI’s adoption is faster than many CEOs expected.
Source: Gartner 2024 CEO Survey — The Year of Strategy Relaunches
Key takeaways from Gartner’s 2024 CEO survey include the following:
34% of CEOs say that the next business transformation their enterprises will pursue after digital is AI. CEO’s intentions to pursue AI as their next business transformation are nearly four times greater than their interest in operations efficiency and agility. Sustainability and ESG are a distant third priority. Just 5% of CEOs say customer experience/centricity will be a priority.
CEOs experimenting with synthetic video
Source: Gartner 2024 CEO Survey — The Year of Strategy Relaunches59% say AI is the technology that will most impact their industry. AI has a four-year track record of being the top category, starting in 2020, with the percentage of CEOs mentioning it ranging between 18% to 29%. Gartner mentions in the survey results that in 15 years of asking this question and comparable ones to it, there’s never been a category that emerges as dominant as AI has. In the past, CEOs believed cloud and big data technologies would be the most impactful. Previous technologies have had nowhere near the extent of impact that AI does today. “Eighty-six percent of CEOs expect AI will help maintain or grow their revenue in 2024-2025, and when asked exactly how that would happen, the top answer category was an improvement to customer experience and relationships,” writes Gartner.
Almost a third of CEOs have considered making and using a synthetic video of themselves. Gartner notes that Estelle Brachlianoff, CEO of the European utility services company Veolia, has posted an AI-augmented video of herself on LinkedIn and X appears to speak in multiple languages.
CEOs mentioning AI as one of their top two technology priorities jumped from 4% in 2023 to 24% in 2024. Technology innovation also increased from 7% to 11%, and the use of digital transformation for growth increased from 9% to 11%. It’s interesting to see how CEOs are focusing on how to improve, integrate, and modernize their strategic use of technology. That category jumps from 1% in 2023 to 5% in 2024. “AI is explicitly mentioned a lot more in 2024 than it was in the 2023 survey. At the same time, mentions of “digitalization” have declined significantly, as have mentions of e-commerce and omnichannel,” writes Gartner.
