Canadian employers investing more in technology like AI than global peers: report

This is the case even though among respondents that have started implementing AI, only 38% are proactively progressing against their strategy, while more than half (56%) are either behind schedule or being held up by investment approvals.  

“Organizations that are behind in their AI implementations need to address and remove the barriers that are holding them back,” says Ven Adamov, partner and national leader of KPMG in Canada’s Data and Analytics Risk Services.

“Often, AI investments are delayed because certain risks have not been addressed, or because new or unanticipated risks emerge. Implementing a trusted AI framework from the outset can help reduce the number of unexpected hurdles that pop up during the AI implementation phase. In the absence of prescriptive regulations, there are proven best practices that can be adopted for that purpose.”

The majority of global enterprises that use generative AI have reported payoffs within the first year of its implementation, according to a previous Google Cloud poll.