You’re not as late as you think you are
The answer to this is a resounding no. Despite a whopping 41% of businesses reporting that they’re worried about being behind in AI, they should take comfort in the corollary. A mere 8% of companies are actually AI leaders rather than laggards, meaning they are maximizing the full AI toolkit to its foremost potential. That means most people claiming to be front-runners are likely fibbing.
While the stakes are indeed rising higher and it’s imperative to utilize AI in your workflows, the odds are high that most aren’t too far gone. If you’re already AI-ready, you’re barely behind at all. Ultimately, it comes down to possessing a proper understanding of one’s needs and the organization. With that, you can catch up with anyone. Do not give up hope.
Few cases shatter the laggard illusion more than JP Morgan’s AI rollout. In late 2023, the AI frenzy was becoming increasingly ubiquitous among the Fortune 500. Big companies were all assembling their own tools, apps and chatbots, while JPM’s strategy was seemingly stuck back in the pre-AI world, which may as well have been the 1800s.
