From Green to Machine: Are Boards Ready to Ride the AI Wave?

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From Green to Machine: Are Boards Ready to Ride the AI Wave?

19 April 2024 / Quick Take

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The latest developments in AI will have a profound impact on business and society. They will also test companies’ and corporate boards’ ability to adapt to technological disruptions.

According to the annual C-Suite Outlook survey from The Conference Board, 32% of global CEOs—and 28% in the US—are focusing on accelerating digital transformation, including AI adoption. And further, CEOs across the private sector are now prioritizing digital transformation over focusing more on sustainability.

While AI and sustainability are distinct topics, the current corporate focus on AI echoes the surge of momentum for sustainability a few years ago. Like sustainability, AI is quickly becoming an integral part of business strategies, being linked with operational efficiency and market competitiveness, and drawing increased attention from policymakers and the public.

Many companies are focusing on AI as sustainability becomes a lower priority

Source: The Conference Board® C-Suite Outlook 2024: Leading for Tomorrow

However, some boards might be unaware of the extent to which AI will be, or has already been, integrated

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