Execs plan to invest more in AI this year but implementation barriers remain

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Executives are readying to summation their finance successful artificial intelligence (AI) devices this year, but challenges pinch deploying nan emerging tech are hamstringing those efforts, according to a caller survey.

Canva, a graphics creation and position level that offers AI tools, and Harris Poll surveyed 1,360 main accusation officers (CIOs) from 9 countries to summation insights into nan executives' plans for deploying AI tools wrong their organizations and nan barriers they person faced successful that process.

The study recovered that 94% of CIOs scheme to summation their finance successful AI this year, but 72% are concerned astir app sprawl and information risks. CIO respondents besides mostly expect to adhd dozens of caller apps this year, pinch 71% indicating they expect to adopt betwixt 30 and 60 caller apps successful 2024 – though 51% are readying to consolidate devices and 24% scheme to do truthful astatine important levels.

"I deliberation 2023 was a bully twelvemonth for experimentation," Canva co-founder and main merchandise serviceman Cameron Adams told FOX Business. "There was truthful overmuch caller worldly coming, everyone being unsure firstly astir what nan exertion tin do and past secondly, really they're really going to merge it into nan activity that they were doing."

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Canva's study recovered 94% of CIOs scheme to summation AI investment, but 72% are concerned astir app sprawl and information risks. (iStock / iStock)

"And I deliberation 2024 is really a twelvemonth to consolidate – you've had a spot of craziness. You've tried retired everything, unit person pulled successful each these devices and made you alert of them. And now you request to fig retired which are nan champion ones and which are nan ones that really activity crossed your full workflow," Adams added.

"Having to cobble together 10 aliases 12 different apps from 1 extremity of a process to nan different isn't viable, truthful you request to find nan providers who are providing existent platforms that are offering a full suite of AI functionality and you're not having to salary per user, per period for 50 different devices to drawstring them each together," he explained.

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Canva's study recovered that CIOs are enthusiastic astir AI devices contempt implementation challenges. (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images / Getty Images)

Aside from nan financial costs of app sprawl, 64% of CIOs said they already do not person capable IT unit to train labor connected nan usage of caller apps, including nan safe and due usage of a fixed tool. Additionally, 44% of CIOs said their IT teams already walk much than half of their clip educating labor astir caller technologies.

"A batch of CIOs are concerned astir app sprawl, which is adding complexity and besides security risks to really they rotation retired exertion crossed nan company," Adams explained. "Lots of group picking up different apps, possibly they're not peculiarly sanctioned by nan IT team. Then they extremity up pinch group utilizing different devices for beautiful overmuch nan aforesaid job."

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Canva Magic Studio

Canva is simply a graphics creation and position level that incorporates AI devices into its Magic Studio. (Photo by Lorenzo Di Cola/NurPhoto via Getty Images / Getty Images)

Despite nan concerns astir app sprawl and different challenges related to nan proliferation of AI apps, Adams said that nan study showed that CIOs are optimistic astir nan imaginable for AI devices to thief boost productivity and streamline workflows for employees.

"CIOs tin often beryllium seen arsenic gatekeepers who are trying to clasp nan tide back, but nan overwhelming sentiment that we sewage from nan study was 1 of enthusiasm," Adams said. "They're enthusiastic to bring caller package devices successful and really thief group wrong their statement standard themselves and this applies to AI arsenic good – it's not each astir nan risks and nan worries and nan problems."

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