The Reality of GenAI Integration
As organisations seek to harness GenAI, it is crucial to understand the industry landscape.
- AI Integration: According to McKinsey & Company, integrating AI tools with existing systems remains a top challenge for many organisations, often resulting in disrupted workflows and inefficiencies.
- Management Complexity: 68% of Australian developers struggle with managing multiple AI tools simultaneously, leading to decreased productivity.
- Regulatory Concerns: 39% of Australian and 41% of New Zealand enterprises cite regulatory concerns as a major challenge when implementing generative AI.
- Ethical Issues: 28% of Australian businesses consider AI bias and ethical concerns significant hurdles.
Despite these concerns, 86% of organisations anticipate some form of AI assistance in their application development within the next two years, indicating the critical role AI is expected to play.