Artificial Intelligence (AI) has apparently not yet had a significant\nimpact on the business world. A study involving nearly 6,000 chief\nexecutives across the United States, United Kingdom, Germany, and\nAustralia found that the majority of business leaders have not seen any\nmeaningful change, either in productivity or employment levels, as a\nresult of AI adoption.<\/p>\n
According to the research by the National Bureau of Economic Research\n(NBER), more than 80% of respondents reported no clear impact from AI on\ntheir workforce or productivity. This is despite the fact that adoption\nrates are already high, with 69% of companies currently using AI in some\nform and 75% expecting to adopt it within the next three years. The most\ncommon uses include text generation via large language models (LLMs),\nvisual content creation, and data processing with machine learning.\nHowever, over 90% of managers stated that AI has not affected their\nheadcount in the past three years, and 89% saw no significant change in\nproductivity as measured by sales per employee.<\/p>\n
Looking ahead, executives are more optimistic, projecting that AI\nwill begin to deliver tangible results within three years. The NBER\nstudy estimates that AI could eliminate around 1.75 million jobs across\nthe four countries by 2028, while potentially boosting business\nproductivity by 1.4%. The authors suggest this could help reverse a\nlong-term slowdown in productivity growth in developed nations.\nInterestingly, the study also noted a divergence in views: employees\ntend to believe AI will create more jobs over the next three years,\nalbeit with smaller productivity gains.<\/p>\n
These findings add to mounting evidence that AI\u2019s commercial benefits\nhave yet to meet market expectations. A PwC survey of over 4,500\nbusiness leaders found that more than half saw no revenue increase or\ncost reduction after adopting AI. Deloitte research revealed that while\n74% of organisations are eager for AI to boost revenue, only 20% have\nactually experienced such gains. Even internal trials, such as a UK\ngovernment department\u2019s test of Microsoft M365 Copilot, found no overall\nproductivity improvement, with some tasks becoming faster but others\nbeing hindered. Microsoft executive Jared Spataro has also acknowledged\nthe difficulty in demonstrating a clear return on investment for\nCopilot, as much knowledge work is not directly reflected in revenue or\nprofit metrics.<\/p>\n
Despite the sobering data, some tech leaders remain bullish.\nMicrosoft\u2019s AI chief Mustafa Suleyman recently claimed that most\ncomputer-based work will be fully automated by AI within 12 to 18\nmonths, particularly in accounting, law, marketing, and project\nmanagement. Meanwhile, Lenovo reported that companies in Europe and the\nMiddle East are accelerating AI adoption, with 94% of respondents\nexpecting a positive return on investment. Overall, the findings suggest\nthat current AI implementation is delivering only very limited\nproductivity gains, a stark contrast to the hundreds of billions of\ndollars being poured into AI development by technology giants.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/6-000-ceos-reveal-unexpected-fact-ai-proves-useless-so-far-1785999150", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }