Manufacturing, retail and tech bosses say AI is moving too fast

The majority of industrial manufacturing business leaders (55%) say AI is moving faster than it should in their field, with 49% of retail and tech leaders citing the same concern in their industries, according to a KPMG report published Tuesday. The report surveyed 950 full-time business decision makers and/or IT decision makers. The majority of industrial manufacturing, tech and retail leaders say the pandemic sped up their AI adoption plans. Fields such as government, financial services and healthcare and life sciences cited the pandemic as an accelerant less frequently. In the industrial manufacturing space, 93% of decision makers say AI is moderately to fully functional in their companies, while just 67% of healthcare and 61% of government leaders say the same.