Australia behind the curve on AI adoption

Nearly four in five (79%) Australian IT leaders believe that AI will be very or critically important to their business within two years, but only 34% have a comprehensive, company-wide AI strategy. These are among the key findings of new research by Deloitte into the state of AI in the enterprise in seven markets including Australia. According to the report, more than half (51%) of Australian respondents believe that AI will transform their business within three years. But the survey found that Australia is below the global average both in terms of the proportion of companies with a comprehensive AI strategy (35% globally) and in terms of the percentage of companies that are seasoned AI adopters (17%, compared to 21% globally). In addition, 50% of AI early adopters in Australia are still using AI to catch up or keep up with the competition rather than carve out a distinct advantage.