How do executives’ companies stack up against the competition?

^{AI AND THE COMPETITION}

Peer perspective: Comparing
AI adoption strengths and weakness

“Know the competition” is a basic business tenet.

After digging into their companies’ approaches to AI, executives shifted their focus to comparing their strategies with those of industry competitors.

More than half of survey respondents (55%) believe they’re ahead of competitors in their ability to adopt AI technology. That sentiment is strongest among those in APAC (62%) and executives who are CTOs (55%) and CISOs (64%).

And what about the 11% of respondents who characterize their companies as below average or not at all competitive? That group provided insight into why they think their organizations are behind competitors in adopting and leveraging AI. Their most commonly cited reasons were lack of AI skills and insufficient data infrastructure.

Executive takeaways: Mind the competitive gap

Respondents reflect on why their companies could be falling behind in adopting AI.

“Education [industry] is slow to adopt and change. We usually need to see others doing it first.” (CSO / CISO, Education, AMER)

“We're mostly on-prem and running legacy systems. Integration is a problem.” (CSO / CISO, Media & Communications, EMEA)

“We are a large organization in healthcare with a very visible parent company. Our ability to move fast and innovate is heavily limited by reputation, cost, and impact. We cannot move as fast or adapt as quickly as our competitors.” (CTO, Healthcare & Pharmaceuticals, APAC)