CEOs Are Racing Ahead On AI — And Fear Being Left Behind

Business leaders are more willing to test lower-risk internal use cases for AI as they consider bolder moves

September 9, 2024

AI is the area where almost all CEOs see an opportunity to drive both growth and value. When it comes to AI, CEOs want to disrupt before being disrupted. More than 40% of over 100 CEOs surveyed by the Oliver Wyman Forum and NYSE cited not moving fast enough on AI and being left behind by competitors as one of their top AI-related risks. Nearly half of all CEOs surveyed said they are investing in AI with the ambition to be a market leader across at least one use case. So far most CEOs are focusing on AI more as a lever for driving efficiency and productivity, but 58% are already investing in it to create new revenue streams.