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| Only 27 percent of organizations in Vietnam are fully prepared to deploy and leverage Artificial Intelligence (AI) -powered technologies. (Photo courtesy of Cisco) |
The Index, which surveyed over 8,000 global companies, was developed in response to the accelerating adoption of AI, a generational shift that is impacting almost every area of business and daily life. The report highlights companies’ preparedness to utilize and deploy AI, showcasing critical gaps across key business pillars and infrastructures that pose serious risks for the near future.
The new research found that while AI adoption has been slowly progressing for decades, the advancements in Generative AI, coupled with public availability in the past year, are driving greater attention to the challenges, changes and new possibilities posed by the technology.
While 92 percent of respondents believed AI will have a significant impact on their business operations, it also raised new issues around data privacy and security. The Index findings showed that companies experience the most challenges when it comes to leveraging AI alongside their data. In fact, 68 percent of respondents admitted that this is due to data existing in silos across their organizations.
However, there is also positive news. Findings from the Index revealed that companies in Vietnam are taking many proactive measures to prepare for an AI-centric future. When it came to building AI strategies, 99 percent of organizations already having a robust AI strategy in place or are in the process of developing one. More than 87 percent of organizations are classified as either Pacesetters or Chasers (fully/partially prepared), with only 2 percent falling into the category of Laggards (not prepared).
This indicated a significant level of focus by C-Suite executives and IT leadership. This could be driven by the fact that almost all respondents said the urgency to deploy AI technologies in their organization has increased in the past six months, with IT infrastructure and cybersecurity reported as the top priority areas for AI deployments.
“As companies rush to deploy AI solutions, they must assess where investments are needed to ensure their infrastructure can best support the demands of AI workloads,” said Liz Centoni, Executive Vice President and General Manager, Applications and Chief Strategy Officer, Cisco. “Organizations also need to be able to observe with context how AI is being used to ensure ROI, security, and especially responsibility.”
The new Cisco AI Readiness Index is based on a double-blind survey of 8,161 private sector business and IT leaders across 30 markets, conducted by an independent third-party surveying respondents from companies with 500 or more employees. The Index assessed respondents’ AI readiness across six key pillars: strategy, infrastructure, data, talent, governance, and culture.
Companies were examined on 49 different metrics across these six pillars to determine a readiness score for each, as well as an overall readiness score for the respondents’ organisation. Each indicator was assigned an individual weightage based on its relative importance to achieving readiness for the applicable pillar. Based on their overall score, Cisco has identified four groups at different levels of organizational readiness – Pacesetters (fully prepared), Chasers (moderately prepared), Followers (limited preparedness), and Laggards (unprepared).
