New research from Accenture finds generative AI could create an extra of 4.5 trillion in economic value in APAC, equivalent to a 0.7 percentage points increase in annual GDP growth, over the next 15 years by adopting the technology responsibly, at scale, and focusing on people. This is twice as much the economic value that would be created with gen AI aggressively adopted, without the right investments in people and work processes.
96% of APAC business leaders acknowledge the significant impact of gen AI, and 91% of APAC workers indicate that they are keen to acquire new skills to work with gen AI,only 4% of business leaders have rolled out gen AI training at scale. Similarly, 89% of APAC businesses are planning to increase their spending on gen AI technology this year, but only 35% are prioritizing investments in their workforce’s development.
“Generative AI has fast tracked the data and AI led reinvention journey for businesses. Yet, to fully harness its potential, leaders need to see it as more than just a tool for redesigning processes and driving cost efficiencies.
: By rethinking entire workflows, leaders can gain a clear view of where gen AI can be most impactful, aligning it with business goals for better efficiency and innovation across the enterprise and collapsing silos in a lasting, meaningful way. From there,