Artificial intelligence has arrived, but Australian businesses don't know how to use it

A survey of business leaders has found Australian companies are the worst prepared for the arrival of artificial intelligence (AI) technologies among selected major economies, despite spending the second-largest amount of money on automation. Independent research agency Vanson Bourne was commissioned by IT company Infosys (which as a seller of an AI platform has a vested interest in promoting such technology) to poll 1,600 business leaders of companies with more than 1,000 staff and at least US$500m in annual revenue across Australia, China, the United States, Germany, France, India and the UK. According to the survey, released at the World Economic Forum last week, major Australian businesses invested an average of $7.9m last year in AI, behind only the US, but placed last in both the skills required for AI takeup and in plans to integrate AI. The Infosys Australia regional head, Andrew Groth, told the Guardian the survey demonstrates that Australia risks becoming uncompetitive. "The challenge is the skills situation," he said.