A new report highlights that AI remains a critical focus for C-suite executives.
According to a survey by the IN Group, involving 705 C-level executives from the UK, US, Germany, and the Netherlands, nearly half (49%) view AI as a direct threat to their organizations. This perception is even stronger among CEOs, with 56% identifying AI as a direct threat. The survey revealed geographic variations, with the highest concern in the US (57%), followed by the UK (49%), Germany (43%), and the Netherlands (35%).
Recruiting for AI Skills
The urgency to recruit AI talent is evident, as 62% of respondents prioritize hiring AI experts to leverage advancements in AI technology. The regional breakdown is as follows:
– U.S.: 75%
– Germany: 68%
– U.K.: 48%
– Netherlands: 48%
Interestingly, larger companies perceive generative AI as a greater threat. Larger organizations may feel more vulnerable due to their deeper understanding of AI risks and higher visibility as targets.
The survey found 44% worried about lagging tech innovation, with 50% in the US feeling particularly behind.
Cybersecurity Concerns
Cybersecurity remains a more pressing concern than generative AI, amid rising data breaches and ransomware attacks. The IN Group report indicates that C-level executives are increasingly worried about cybercrime. However, leaders of larger organizations (over 500 employees) are less likely to cite cybersecurity as a concern (23%) compared to those with 250-500 employees (32%). This suggests mid-sized companies recognize the threat but may lack the necessary infrastructure or talent, whereas larger companies feel more in control.
These findings coincide with warnings about potential overconfidence among business leaders regarding cybersecurity. A Cisco report reveals only 3% of organizations have achieved a “Mature” level of cybersecurity readiness.
Robert Woodhouse, Director of Technology for Investigo, emphasized the importance of including tech leaders in board discussions. He stated, “Organizations will not be able to address the countless technological threats currently facing their business, optimize their costs, or innovate more effectively until the head of the technology function is part of the board, viewed as being as important to the business’s success as the CFO or CMO.”