75% business leaders say AI key to their competitive advantage: Report

Full Article
75% business leaders say AI key to their competitive advantage: Report

A recent report by Experian reveals that 75% of business leaders believe their competitive advantage hinges on effectively utilizing artificial intelligence (AI) and Generative AI (GenAI). The study surveyed 1,320 C-suite executives across various sectors, highlighting the importance of data consolidation and customer experience in navigating economic challenges. The findings indicate a strong focus on leveraging AI for improved decision-making and risk assessment.

The report emphasizes the growing trend of adopting cloud-based platforms to enhance data connectivity and analytics capabilities. With 78% of leaders exploring GenAI applications for risk assessment, the race for AI superiority is evident among businesses. As organizations face increasing credit stress, AI tools are seen as vital for identifying vulnerable customers and refining credit risk profiling.

• 75% of leaders see AI as crucial for competitive advantage.

• 78% focus on using GenAI for risk assessment.

Key AI Terms Mentioned in this Article

Generative AI

The report highlights its application in risk assessment and decision-making processes.

Data Consolidation

Business leaders are focusing on this to improve decision-making models.

Machine Learning

The report discusses its role in developing predictive models for credit assessments.

Companies Mentioned in this Article

Experian

The company is central to the report, showcasing how leaders utilize AI for competitive advantage.

Get Email Alerts for AI News

By creating an email alert, you agree to AIleap's Terms of Service and Privacy Policy. You can pause or unsubscribe from email alerts at any time.

Latest Articles

Alphabet's AI drug discovery platform Isomorphic Labs raises $600M from Thrive
TechCrunch 6month

Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600

AI In Education - Up-level Your Teaching With AI By Cloning Yourself
Forbes 6month

How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.

Trump's Third Term - How AI Can Help To Overthrow The US Government
Forbes 6month

Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.

Sam Altman Says OpenAI Will Release an 'Open Weight' AI Model This Summer
Wired 6month

Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.

Popular Topics