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Most executives already using generative AI tools, INSEAD survey shows

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Most executives already using generative AI tools, INSEAD survey shows

Most executives already using generative AI tools, INSEAD survey shows

Despite popular concern about generative AI making jobs redundant, a new survey by INSEAD shows employees and business leaders alike are enthusiastic about the transformative technology. In fact, two out of three respondents are already using it in their personal and professional lives.  

Conducted last summer, the survey of more than 1,200 INSEAD alumni across industries and continents highlights how concerns on the ground about AI's potential negative impact are not necessarily in line with popular misgivings. For one thing, respondents' top worry was not that AI would kill jobs but its potential misuse, with associated ethical and safety implications.

Indeed, more respondents said generative AI, or GenAI, will benefit employees more than top leaders, as opposed to those who indicated the opposite. This likely reflects a belief that AI will democratise access to information and improve efficiency for a wide range of jobs. 

"The survey offers an early view of leaders' views on AI technology," says Jason P. Davis, Associate Professor of Entrepreneurship and Family Enterprise at INSEAD. Knowing how people are using GenAI and their attitudes towards the technology, he explains, could help us anticipate its trajectory across industries and continents.

INSEAD alumni – unique across top business schools for their global representation – provided the scope for Davis's team to delve into perceptions across industries and geographies. Slightly over half of the survey's respondents said their organisations were already using generative technologies. This points to a significant uptake and integration of GenAI in business operations. Another 27 percent of organisations planned to start using GenAI within the next year or beyond. Only 21 percent of organisations had no plans to engage.

Other interesting findings from the survey include variations in attitudes across industries and geographies. While respondents worldwide were enthusiastic about GenAI, those based in Europe were more inclined to see organisations as benefitting more than individuals.

This group was also less likely to be using generative tools than counterparts in North America and Asia, perhaps reflecting a higher scepticism regarding new technologies and concern about digital privacy in Europe.

Interestingly, respondents in this part of the world tended to see AGI happening faster than those in North America, although this may reflect less interaction with GenAI in personal and professional contexts.

The researchers also found that in sectors like communication services, financials and materials, a significant portion of respondents believed organisations will benefit more than individuals from GenAI. By comparison, a majority in the healthcare and utilities sectors think that individuals and organisations will benefit equally.

To find out more, read What Business Leaders Really Think About Generative AI by Davis on INSEAD Knowledge

 

About INSEAD, The Business School for the World

As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society. Our research, teaching and partnerships reflect this global perspective and cultural diversity.

With locations in Europe (France), Asia (Singapore), the Middle East (Abu Dhabi), and now North America (San Francisco), INSEAD's business education and research spans four regions. Our 162 renowned Faculty members from 40 countries inspire more than 1,300 degree participants annually in our Master in Management,  MBAGlobal Executive MBA, Specialised Master’s degrees (Executive Master in Finance and Executive Master in Change) and PhD programmes. In addition, more than 10,000 executives participate in INSEAD Executive Education programmes each year.

INSEAD continues to conduct cutting-edge research and innovate across all our programmes. We provide business leaders with the knowledge and awareness to operate anywhere. Our core values drive academic excellence and serve the global community as The Business School for the World.

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