Businesses overwhelmingly state the pervasive use
of generative AI-driven automation will have the most impact on
their organizations, and are responding to an AI world with
increased focus on regulation and humanity
IRVINE,
Calif., Dec. 5, 2023 /PRNewswire/ -- Alteryx,
Inc. (NYSE: AYX), the Analytics Cloud Platform company,
released independent research titled Defining the Enterprise of
the Future. Using data from 2,800 IT and business
decision-makers globally, the study reveals the three-year roadmap
for how enterprises will operate in an era of AI-delivered
intelligence.
As businesses prepare to navigate future challenges, embracing
the power of accessible AI technology (and regulations) will help
enterprises reinfuse transformations that shape the future, take
the lead, and never look back. Results show that organizations have
a strong appetite for policies and governance that regulate the use
of responsible AI for this increasingly complex, data-driven
future.
- 82% say that AI is already impacting what their organization
can achieve, while 52% state they will invest in advanced
technologies such as AI to respond to the changing market
environment.
- 57% cite that AI uptake will become pervasive across all
sectors and business functions, and 48% are excited about the
combination of automation and AI in data analysis.
- 89% believe that regulations and standards around AI usage
(including the use of generative AI) should be developed within
their sector as it transforms the business landscape.
- 91% say that such policies would help businesses implement AI
responsibly, and 49% cite the possibility of legal and ethical
consequences from not having an ethical AI framework in place.
While the current AI landscape may fill the present employment
market with fear and uncertainty, a ray of optimism emerges
when envisioning the skills and talent needed to create the future
workforce. There is a growing appreciation for prioritizing skills
that are seen as distinctly human.
- 72% state that it is more important for their employees to be
multi-skilled than specialized in a specific area. 61% named
"creativity" the skill humans will contribute in a market
environment shaped by AI, followed by "emotion" and "critical
thinking".
- No singular technical skill emerged as the most important for
the future workforce, but expertise in emerging technologies such
as AI (28%) followed by computer software knowledge, data analysis
and data mining top the list. Creativity and digital literacy are
considered essential future professional skills.
- Surprisingly, 62% believe the advanced tech talent landscape
will be characterized by a talent surplus over the next three
years.
When envisioning the future, most organizations advocate for the
pervasive use of AI to predict and react to change, but longer-term
risks stemming from the evolving business landscape loom. While
many identify AI as a key potential tool for success, it requires a
combined approach of people, policies, and culture rather than
technology alone to enable enterprises to plan, navigate, and
overcome the unknown to thrive in an ever-changing business
landscape.
- 51% list cybersecurity and data privacy threats, 43%
globalization challenges, 41% high inflation and interest rates,
and 35% changing consumer behavior as the market factors expected
to most impact businesses.
- Ultimately, technology alone will not drive future success. 42%
will invest more in understanding customer needs to make relevant
offers, while 34% cite their organizations' need to demonstrate
better ethical practices and environmental responsibility.
"While the future tech stack will require many emerging
technologies, it will only be as good as your workforce's ability
to use and benefit from it," said Trevor
Schulze, CIO at Alteryx. "There is no one-size-fits-all
solution to help businesses understand customer needs, drive
efficiencies, and find their competitive edge. Only by empowering
the entire workforce to take full advantage of the technologies to
harness the data, compute, and automation resources available will
you unlock full ROI potential and business value."
To be prepared for this increasingly complex, data-driven
future, companies need to establish three key characteristics:
ensure their journey to digital transformation strategies
surrounding AI is successful, build a multi-skilled workforce
capable of delivering business value from technology, and be able
to leverage customer and market insights to pivot business
strategies and operations to respond to external factors.
Download the full Defining the Enterprise of
the Future report and learn how Alteryx is
adopting AI responsibly in this era of intelligence.
About the Research
The survey was conducted
by Coleman-Parkes in September and October 2023, and targeted 2,800 IT
decision-makers, data analysts, and line of business leaders about
the enterprise of the future. Respondents were based in North and
South America, Europe, Asia,
Australia, and the UK. There was
equal representation of the public sector, manufacturing (including
supply chain), financial services and banking, and technology.
Companies ranged in size from fewer than 500 employees to more than
10,000. 60% had an average revenue of more than $1 billion.
About Alteryx
Alteryx (NYSE: AYX) powers analytics for all with the award-winning
Alteryx Analytics Cloud Platform. With Alteryx, enterprises can
make intelligent decisions across their organizations with
automated, AI-driven insights. More than 8,000 customers globally
rely on Alteryx to democratize analytics across use cases and
deliver high-impact business outcomes. To learn more, visit
www.alteryx.com.
Alteryx is a registered trademark of Alteryx, Inc. All other
product and brand names may be trademarks or registered trademarks
of their respective owners.
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SOURCE Alteryx, Inc.