The IMI Leadership Barometer surveyed senior business leaders, including CEOs and MDs, and found only 1 in 4 business leaders feel they have the right skills and capabilities to harness the potential of AI within their organisation.
The survey also showed business leaders are unsure about the trajectory of the economy with 47% saying they are uncertain whether the economy will grow in the next 12 months. With inflationary pressures still strong and costs increasing, a further 36% of leaders believe the economy is likely to contract in the next year.
Shane O’Sullivan, Interim CEO of the IMI, said the barometer provides an important insight into how senior leaders are responding to emerging technologies and a changing economic environment. Lack of capabilities to drive change was also identified as a major obstacle, with leaders believing their workforce lacks critical skills to enable digital transformation.
Leading digital transformation was also deemed critical for future success unsurprisingly, with leaders keen to harness the potential productivity boom created by AI and other emerging technologies. Only 9% of business leaders consider advancing the ESG agenda to be critical for future success.
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