Swiss board members found to have too little AI expertise

The boards of directors of Swiss companies are struggling with artificial intelligence (AI). They recognise the importance and risks of AI but do not yet have sufficient expertise, according to a survey. +Get the most important news from Switzerland in your inbox Most Swiss companies are not fully exploiting the potential of so-called generative artificial intelligence (GenAI), said consultants Deloitte in the latest "SwissVR Monitor" on Thursday. According to the board members surveyed, the technology is being used only in certain areas. A large majority (79%) of companies are focusing on using GenAI to increase efficiency and productivity within the company. Cost reduction (43%) or improved products and services (40%) follow at a considerable distance. However, AI is used less frequently for strategic benefits such as generating new ideas and insights (34%) or increased innovation and growth (31%). + Artificial intelligence: an opportunity or a risk? And where AI is used, there ...