Business Technology

New Research Shows More than Half of Irish Firms have Concerns over AI

A recent study by Dell Technologies has revealed that many Irish companies are finding it challenging to keep up with advances in generative artificial intelligence (GenAI).

According to the study, 71% of the companies surveyed believe they are competitively positioned and have a robust strategy in place to leverage AI’s capabilities.

However, over half of the respondents expressed uncertainty about the future of their industry in the next three to five years. Additionally, 49% admitted to struggling with the rapid advancements in GenAI and other technological innovations.

The main obstacles identified by these companies include a shortage of skilled talent, limited budget, and outdated technology infrastructure, all of which hinder their ability to innovate.

Despite these challenges, 59% of organizations are actively training or upskilling their employees in GenAI usage. Moreover, six out of ten companies are investing in AI-optimized technology to enhance the overall work experience for their employees.

Catherine Doyle, Managing Director at Dell Technologies Ireland, agreed that there was cause for concern despite the optimism expressed by some.

“It’s vital for leaders to not only recognise the potential of GenAI but also to act swiftly in using its potential to turn ideas into tangible innovation. By leveraging the capabilities of Generative AI and investing in the right technology infrastructure, businesses can position themselves for success in this era of unprecedented change.”

(Source: RTÉ)

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