Generative AI has emerged as the leading technology story of 2023, gaining widespread attention through platforms like ChatGPT, Stable Diffusion, GitHub Copilot, and Midjourney.
O’Reilly’s September survey of 4,782 responses reveals how companies are adopting and utilising this technology. Within a year of ChatGPT’s release, 67% of survey respondents report their companies using generative AI. Skills in AI programming and data analysis are in high demand among these adopters. Despite rapid adoption, challenges remain, such as finding suitable use cases and addressing legal, risk, and compliance issues.
The survey indicates that AI adoption is substantial but not yet universal. 41% of companies have been using AI for over a year, and 26% for less than that, while 33% are not using AI at all. The rapid adoption pace of AI is noteworthy, but its long-term value and growth potential are still being evaluated.
Concerns about appropriate use cases, legal implications, and corporate culture are barriers to further AI adoption. Additionally, a lack of skilled personnel in AI technology persists as a challenge. The majority of AI applications are in programming and data analysis, with customer interaction and content generation also being significant areas of use.
The survey indicates that generative AI is still in its early stages, with many companies experimenting or developing proof-of-concept projects. The risks associated with generative AI, such as unexpected outcomes, security vulnerabilities, and issues of fairness and privacy, are actively being addressed by companies.
In conclusion, the survey reflects optimism for generative AI’s future, with expectations of increased productivity and revenue from its integration into business. It emphasises the need for continuous learning and creative thinking in leveraging AI for business improvement.