Australian business leaders are optimistic about the role of AI and data in future growth, but a new study reveals they are not prepared to implement these technologies. Only 34% of businesses have implemented AI, with 45% yet to start. Additionally, 35% lack a data strategy and 27% review their AI strategies quarterly or less. Despite 44% emphasizing the importance of regulatory compliance, only 41% have established ethical protocols for AI. EXL’s Head of APAC, Villas Madan, emphasizes the need for companies to take AI seriously and move beyond pilot projects to scalable solutions.

Read more at GlobeNewswire: New EXL Survey Shows Most Australian Businesses Aren’t