According to the IBM Global CEO Study, when compared to global CEOs, Korean CEOs tend to be relatively cautious about adopting AI-related technologies. On June 17th, Kim Hyun-jung, the head of IBM Consulting Korea, held an “AI Insight Forum” at Yeouido International Finance Center, where she presented the results of the global CEO study recently conducted by the IBM Institute for Business Value.
The study, which surveyed 2,000 CEOs worldwide, predicts that AI investment growth rates will more than double in the next two years. Additionally, 64% of global CEOs reported that they invest in certain technologies and take on more risks, worrying that they might fall behind in competition, even before fully understanding whether these technologies benefit their organizations.
However, only 52% of domestic CEOs responded that they would take on such risks, indicating a more cautious approach. Furthermore, only 28% of domestic CEOs believed that “quickly advancing and learning from trial and error” is better than “proceeding slowly and accurately,” a significantly lower percentage compared to the global CEO response rate of 37%.
Korean CEOs equally perceive the immense changes brought by AI. When 68% of global CEOs said AI is transforming core elements of their business, 78% of domestic CEOs agreed. Also, 54% of Korean CEOs believe that future competitiveness depends on who possesses more advanced generative AI.