While consumer hesitation may frustrate many senior executives, 99 per cent of respondents say their companies plan to implement AI-related technologies in the next three years. For them, the lower penetration of AI in the local market may be a blessing in disguise, longer term, as it provides the opportunity for Australian to learn from other markets.
As the UK and US markets advance their AI adoption across personal and professional use, there are a range of complex issues facing employees, workers, and regulators, including AI bias and governance.
The ways the US and UK resolve these issues will naturally vary. As a later adopter, Australia will have the option to cherry pick solutions from both the US and UK based on their success, ease of implementation and the specific needs of our market.
In addition, Australian businesses need to engage their staff to foster AI acceptance, drawing on key lessons from other markets to determine how best to ease employees’ reservations about implementing AI in the workforce and providing opportunities to upskill.
When it comes to AI’s impact on the workforce, Australians are the most fearful in comparison with other countries surveyed, especially when looking ahead. Approximately one-in-three Australian workers believe AI threatens their job (compared with 28 per cent globally) and 56 per cent worry AI will threaten the jobs of their children and future generations (46 per cent globally).