EY survey: UK CEOs credit AI for productivity but lack visibility into AI costs and ROI
Overview
Half of UK CEOs (50%) name AI as one of the three biggest contributors to productivity gains over the past year, ahead of redesigning business processes (40%) and reskilling workers (38%), according to an EY report.
The same report finds that only 14% of UK CEOs have full real-time visibility over their AI costs, and 32% say they cannot properly assess AI's return on investment.
EY, as reported by TechRadar, describes this gap as leaving business leaders unsure how AI is helping and whether its impacts translate into financial value. Legacy systems (34%) are cited as a blocker, and 74% of respondents expect skills shortages to worsen over three years.
Written by AI from the articles below · updated Oct 12, 6:54 AM ET
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- TechRadar · AINewsUK CEOs credit AI for productivity gains but lack visibility into costs and ROI
AIHalf of UK CEOs (50%) name AI as one of the three biggest contributors to productivity gains over the past year, according to an EY report. Only 14% have full real-time visibility over AI costs, and 32% say they cannot properly assess AI's ROI. Legacy systems (34%) and skills shortages, which 74% expect to worsen over three years, remain major blockers.
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