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HomeNewsAustralian Business Not Ready For AI

Australian Business Not Ready For AI

Australian Business Not Ready For AI Says Cisco.

Australian Business Not Ready For AI Says Cisco.

Australian Business Not Ready For AI – Most Australian businesses are not ready for integration of operational artificial intelligence (AI) into their operations – only 5 per cent say they are prepared.

Cisco’s AI Readiness Index surveyed 8000 companies worldwide, including 300 in Australia, about AI preparedness. The survey found only 5 per cent of Australian companies were fully prepared for AI, compared to 14 per cent globally. Meanwhile, 53 per cent had limited preparedness, and 8 per cent rated themselves unprepared.

Australian Business Not Ready For AI Says Cisco

At the same time, 75 per cent of Australian respondents said AI will have a significant impact on their operations, 74 per cent said they had no comprehensive AI policies in place. And 59 per cent gave themselves only 12 months to implement an AI strategy before negative business impact.

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Australian business not ready for AI.

More seriously, 77 per cent said they lacked full readiness in detecting and thwarting cyber attacks on AI models.

“These factors include data privacy and data sovereignty and the understanding of and compliance with global regulations,” said Carl Solder, chief technology officer at Cisco Australia and New Zealand. “Additionally, close attention must be paid to the concepts of bias, fairness and transparency in both data and algorithms.

“With an overwhelming majority of companies in Australia saying they are not fully ready to leverage AI, coupled with their deep sense of urgency to deploy AI in the coming months, the time to invest in infrastructure with the scalability and flexibility to support AI workloads is now.”

You can find out more about how Australian business is not ready for AI here, or download Cisco’s AI Readiness Index here or read more SEN news here.

“Australian Business Not Ready For AI Says Cisco.”

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Australian business not ready for AI.

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