CEOs are committed to advancing AI solutions across their organisation even as they face challenges from accelerating technology adoption, according to a new global study by the IBM Institute for Business Value. The study also showed that executive respondents expect the growth rate of AI investments to more than double in the next two years.
IBM vice chairman Gary Cohn said:"As AI adoption accelerates, creating greater efficiency and productivity gains, the ultimate pay-off will only come to CEOs with the courage to embrace risk as opportunity. Meaning, focusing on what you can control, especially when there is so much you can't. When the business environment is uncertain, using AI and your enterprise data to identify where you have leverage is a competitive advantage."
AI investment in Singapore
In Singapore, over half of CEOs (52%) are actively adopting AI agents and preparing to implement them on a large scale. In comparison, 80% of Singapore CEOs are more likely than their global counterparts (65%) to prioritise AI use cases based on ROI. Some 23% have reported that their AI initiatives have delivered expected returns so far.
Over half (58%) of Singapore CEOs identify integrated enterprise-wide data architecture as critical for cross-functional collaboration, and 68% view their organisation's proprietary data as key to unlocking the value of generative AI. However, 52% of respondents acknowledge that the pace of recent investments has left their organisation with disconnected technology.
Abraham Thomas, managing partner, IBM Consulting, ASEAN. "Singapore stands out with its national AI strategy, and businesses must follow suit by building adaptable data foundations and investing in talent that can turn AI ambition into real results."
The annual IBM CEO study surveyed 2,000 CEOs globally, including 210 CEOs across ASEAN and Singapore.
