UST ANZ discusses barriers hindering AI scaling in Australian businesses
1 report, 1 independent
Updated Jun 28
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What happened
Kumaran C R, Vice President and Managing Director of UST ANZ, discussed the barriers preventing Australian organizations from scaling AI beyond initial pilot programs. He noted that while two-thirds of medium and large Australian organizations have adopted AI, nearly 40% use it only minimally. The primary hurdles include legacy systems, fragmented data, governance, and skills gaps.
From itwire.com
Why it matters
The discussion highlights that AI uptake in Australia is currently 'widespread but shallow,' according to a warning from Treasury. Scaling AI requires integrating tools into existing workflows and establishing clear governance to achieve tangible business value, impacting productivity and operational efficiency.
From itwire.com
Who's involved
- USTAmerican technology company discussing barriers to AI adoption in Australian organizations.
- Richard AngServes as the Rector of UST.