87% of C-Suite executives feel pressured to implement Gen AI solutions now, RWS research reveals
11 July 2024 - 6:01PM
Business Wire
RWS’s ‘Innovate like you mean it’ research
report unpacks shifting relationship between Artificial
Intelligence and Human Intelligence
As many as nine-tenths (87%) of C-Suite executives feel under
pressure to rapidly implement generative AI (Gen AI) solutions at
speed and scale, according to the latest research from RWS. Despite
these pressures more than three-quarters (76%) expressed an
overwhelming excitement across their organization for the potential
benefits of Gen AI.
However, this excitement is tempered by more than a third (36%)
of executives who raised concerns that there is an extreme danger
of enterprise resources – which could be better deployed elsewhere
– being diverted toward Gen AI.
“Recent advances in Gen AI have triggered an innovation race,”
said Mark Lawyer, General Manager of Linguistic AI at RWS. “In a
bid to be first past the post there’s a real risk of failing to see
any value from AI investments. It’s critical that business leaders
are not reactive or piecemeal, but rigorous and purposeful in their
approach.”
While almost half (43%) of executives believe that Gen AI is
critical to retaining their competitive advantage, the majority
(68%) acknowledge that they find it difficult to identify genuine
innovators in today’s noisy AI market. Consequently, 60% of
executives prefer to collaborate with trusted partners, and 43%
favour innovators who combine technology, AI and human
expertise.
"Enterprises are seeking advanced automation and AI from global
content partners, prioritizing trust and security. Providers that
combine the latest generative AI with human expertise will give
their clients a distinct competitive advantage in the race to
global market share," comments Dr. Arle Lommel, senior analyst at
CSA Research.
RWS’s ‘Innovate like you mean it’ report, which unpacks the
shifting relationship between AI and Human Intelligence in global
businesses, is based on research involving 200 CEOs, CTOs, CIOs and
COOs in large enterprises across the US and UK. Download the report
to explore the full results, or click here to learn more about
RWS’s AI-enabled language and content solutions.
About RWS
RWS Holdings plc is a unique, world-leading provider of
technology-enabled language, content and intellectual property
services. Through content transformation and multilingual data
analysis, our combination of AI-enabled technology and human
expertise helps our clients to grow by ensuring they are understood
anywhere, in any language.
Our purpose is unlocking global understanding. By combining
cultural understanding, client understanding and technical
understanding, our services and technology assist our clients to
acquire and retain customers, deliver engaging user experiences,
maintain compliance and gain actionable insights into their data
and content.
Over the past 20 years we’ve been evolving our own AI solutions
as well as helping clients to explore, build and use multilingual
AI applications. With 45+ AI-related patents and more than 100
peer-reviewed papers, we have the experience and expertise to
support clients on their AI journey.
We work with over 80% of the world’s top 100 brands, more than
three-quarters of Fortune’s 20 ‘Most Admired Companies’ and almost
all of the top pharmaceutical companies, investment banks, law
firms and patent filers. Our client base spans Europe, Asia
Pacific, Africa and North and South America. Our 65+ global
locations across five continents service clients in the automotive,
chemical, financial, legal, medical, pharmaceutical, technology and
telecommunications sectors.
Founded in 1958, RWS is headquartered in the UK and publicly
listed on AIM, the London Stock Exchange regulated market
(RWS.L).
For further information, please visit: www.rws.com.
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RWS Denis Davies Corporate Communications ddavies@rws.com +44
1628 410105