More firms embracing generative AI tools
Visitors check out large language models during a high-tech expo in Shenzhen, Guangdong province, on May 23. About 85 percent of Chinese business leaders plan to increase investments in generative artificial intelligence in 2024, as AI and other disruptive technologies evolve to be more human-centric and drive greater capabilities for people to amplify their potential and reinvent commerce, according to global consultancy Accenture. Accenture said in a new survey that 73 percent of Chinese company executives are prioritizing investments in strengthening their organizations' digital core capacities including cloud, AI, platforms and security. However, just 13 percent of business leaders in China are "extremely confident" that they have the right data strategy and core digital capabilities in place to effectively leverage generative AI to their maximum benefit. For businesses to maximize generative AI benefits and drive growth, company executives must extend their focus beyond immediate tasks and embrace a long-term and people-centric approach to adopt generative AI, said Zhang Xun, managing director from strategy and consulting at Accenture Greater China.
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