Australian businesses are the most concerned about the risks of Artificial Intelligence (AI), and alarmingly, the least prepared to deal with them, according to new research from Deloitte.
Indeed, Australia is ‘playing from behind’ according to the State of AI in the Enterprise report, which investigated market readiness across seven countries to effectively leverage AI technologies, such as machine learning, deep learning, and natural language processing.
Half of Australian early adopters reported that AI helps them ‘catch up’ or ‘keep up’ with competitors, the highest rate of any country.
Moreover, the top two concerns within Australia and globally related to AI cybersecurity vulnerabilities, and making the wrong decisions based on AI recommendations.
Marshall said the report exposes just how far behind Australia is in its AI technology development compared to countries like China, Germany and the US.