FINAL WORD
Who will win the early GenAI war ? China or America ?
According to Global Market Research , China leads the world in GenAI usage while the US leads in full implementation . Lack of understanding , business strategy , sufficient data , regulation preparedness are concerns . Data privacy , security and governance are primary challenges . Bryan Harris at SAS explains further .
Generative AI , GenAI is here to stay . Organisations around the world are enthusiastically using and investing in the technology . But what regions and countries are leading in the use of GenAI ?
China is in the lead according to a recent global study SAS commissioned with Coleman Parkes Research . China business decision makers report that 83 % of their organisations are using the technology . That is more than in the United Kingdom , 70 %, the United States , 65 % and Australia , 63 %.
But organisations in the United States are ahead in terms of maturity and having fully implemented GenAI technologies at 24 % compared to China ’ s 19 %, and the United Kingdom ’ s 11 %.
What does this mean in terms of the global economic impact of AI and GenAI ? In a 2023 report , McKinsey estimated GenAI could add the equivalent of $ 2.6 trillion to $ 4.4 trillion annually across a variety of use cases . That is comparable to the entire GDP of the United Kingdom in 2021 . This impact would increase the overall influence of artificial intelligence , AI by 15 % to 40 %.
Considering these economic implications , SAS and Coleman Parkes targeted 1,600 decision makers across key global markets . Respondents work in a range of industries including banking , insurance , the public sector , life sciences , healthcare , telecommunications , manufacturing , retail , energy and utilities , and professional services . The smallest organisations surveyed employed a workforce of 500 – 999 people , and the largest employed more than 10,000 .
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