CEOs need to be on ‘high alert’ for AI impact on their businesses, says Bain’s global chief

[SINGAPORE] Only 10 to 15 per cent of the world’s companies are on “high alert” for the impact of artificial intelligence (AI) on their businesses, says Bain & Company worldwide managing partner and chief executive Christophe De Vusser.

Those are companies, he said, that “really understand how AI is going to impact them and are using it as a No 1 priority to drive business transformation”. He believes AI is a “once-in-a-generation” innovation and technology wave.

“People now understand that AI is real. Chief executives need to understand top-down where the opportunities are,” he said.