The Metaverse may have been a classic topic of conversation for some time, fueling users' imaginations, but CEOs around the world continue to swear by Artificial Intelligence (AI).
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Artificial intelligence has become an integral part of an organization. Businesses are considering AI for reasons ranging from data innovation to developing organizational strategy. The AI market is on track to reach $126 billion by 2025, with no signs of slowing down, at least in the near future.
Garter 2022 CEO Survey Supports Greater Relevance of Artificial Intelligence (AI) for Business Leaders Over Metaverse.
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According to this latest study published by Gartner, artificial intelligence is the top priority for business leaders for the third consecutive year. The “2022 CEO Survey — The Year Perspectives Changed” polled CEOs and senior executives on a variety of topics, including workforce, environment and digitalization.
The studies also found that the Metaverse, which has garnered a lot of attention in the past year, especially after Facebook rebranded itself as Meta, is not as important to business leaders as artificial intelligence. About 63 percent of people do not consider the Metaverse to be the right technology to prioritize in the current business landscape.
While CEOs often welcome groundbreaking technologies, the Metaverse has only garnered confusion and managed to create a lack of confidence regarding the need for investment.
Artificial intelligence has swept the business world, with 52% of companies accelerating their AI adoption plans due to COVID-19. Many businesses have already turned to AI as a key force driving their progress, having adopted this tech stack as central to progress .
See also: Microsoft Teams: Video calls will be improved with AI
Admittedly, adopting a new technology isn't always straightforward. That's why it's critical for CEOs to read the future and steer their companies into the digital age. Why the metaverse may be getting attention, but artificial intelligence will decide the future of organizations.
Information source: businessinsider.in
