Organizations unprepared for the AI onslaught must do these 4 things [Video]

When it comes to artificial intelligence initiatives, business leaders are feeling pressure to act — and act fast. However, neither their organizations nor technology infrastructures are ready for the surge in AI applications. 

A survey of 7,985 senior business leaders, released by Cisco, finds 98% report increased urgency to deliver on AI and 85% believe they have less than 18 months to act. More than half (59%) give it only 12 months.

Also: 5 ways to achieve AI transformation that works for your business

However, at this point, only 13% say they are fully ready to capture AI’s potential — no better than the paltry 14% reporting such readiness last year. They lack skilled staff, higher-capacity infrastructures, and AI-ready data. 

Doubts about AI’s ability to deliver returns remain on the list tool. While 50% of respondents cite pressure from the CEO and their leadership team to get moving with AI, there has been somewhat of …