Although AI was recognized as strategically important before generative AI became prominent, our 2022 survey found CIOs' ambitions limited: while 94% of organizations were using AI in some way, only 14% were aiming to achieve "enterprise-wide" AI by 2025. By contrast, the power of generative AI tools to democratize AI--to spread it through every function of the enterprise, to support every employee, and to engage every customer --heralds an inflection point where AI can grow from a technology employed for particular use cases to one that truly defines the modern enterprise. As such, chief information officers and technical leaders will have to act decisively: embracing generative AI to seize its opportunities and avoid ceding competitive ground, while also making strategic decisions about data infrastructure, model ownership, workforce structure, and AI governance that will have long-term consequences for organizational success. This report explores the latest thinking of chief information officers at some of the world's largest and best-known companies, as well as experts from the public, private, and academic sectors. It presents their thoughts about AI against the backdrop of our global survey of 600 senior data and technology executives.

Many of us take for granted how fast our phones are, the fact we no longer need to sign for shopping and Google's Instant Search. The pace of life is the fastest its ever been and the rise of contactless technology and smart devices have put us in the midst of what's been called the'Great Acceleration.' Journalist and author Robert Colvile has explained our'insatiable' desire' for speed and convenience in his upcoming book'The Great Acceleration: How the World is Getting Faster.' The pace of life is the fastest its ever been and the rise of contactless technology (pictured) and smart devices have put us in the midst of the'Great Acceleration.' Author Robert Colvile has explained our'insatiable' desire' for speed and convenience in his upcoming book'The Great Acceleration: How the World is Getting Faster' Writing for The Telegraph, Mr Colvile said we have moved'towards a cashless, paperless economy – a world in which we no longer have to dig around in our pockets for loose change, but can simply swipe our way through lives with carefree glee.