Lack of knowledge the main reason why companies aren’t implementing AI
A new survey has revealed that over half (53%) of workplaces in the audit and governance sector have implemented GenAI tools in their day-to-day tasks.
Carried out by CareersinAudit.com, the survey asked audit and governance professionals about how AI is being implemented in their respective organisations, and their attitudes towards the tech.
While more than claim the tools are in use, findings showed the main reason the remaining 47% haven’t yet made GenAI a part of their business was lack of knowledge and understanding, cited by 39% of that group.
Of the many readily available GenAI tools now at everyone’s disposal, CoPilot proved to be the most popular, used by 38% of respondents.
ChatGPT was second (28%), various others including LLMs, Gemini and GitHub accounted for 23% of the overall responses and custom-made tools made up the remaining 11%.
According to industry forecasts, the adoption of GenAI tools will reach near-universal levels in the next three years, with the pace varying from region to region. Currently, North America leads the way, with 39% of companies using AI in financial reporting.
Commenting on the survey findings, Simon Wright, director of CareersinAudit.com and the Careers in Group specialist job boards said: “GenAI tools have had a huge impact on not only workplace productivity but our daily lives in general over the past few years.
“It’s intriguing to see how AI has affected the audit and governance industry, in particular, how widespread the use of the technology has become.
“The fact that lack of knowledge and understanding is the main reason companies are holding back on implementing AI suggests that if the training needed is rolled out, in a year’s time we could be looking at a much higher percentage.
“It is clear there is a huge appetite to adopt GenAI tools in the audit and governance sector, it’s simply a matter of educating staff and employers on how to harness it.”
To view the full findings from the survey, please visit: https://www.careersinaudit.com/article/survey-results-genai-friend-or-foe
