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Only few Singapore business have adopted Generative AI: Report

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Despite the low adoption rate, there is a growing recognition of the transformative potential of Generative AI.

Only few Singapore businesses have adopted Generative AI in some or most of their operations, according to a recent report by the Capgemini Research Institute.

The survey included 1,100 executives from businesses with annual revenues over US$1 billion across 14 countries, including Singapore. Environmental impact monitoring of Generative AI adoption is also lacking in the city-state. Only 23% of businesses measure carbon emissions, 30% track water consumption, and just 23% assess energy use related to AI operations.

Around 73% of businesses agree that higher levels of automation in workflows can be achieved through AI agents. On the other hand, 66% believe this automation will assist with value-added tasks.

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