HEADLINE: Two-Thirds of Finance CEOs Accept AI Risks to Stay Competitive, IBM Study Finds
LEAD: Senior finance executives are knowingly accepting significant risks from artificial intelligence deployments to capture productivity gains, according to a new IBM study of 3,000 banking and financial services leaders.
BODY: The research reveals a calculated gamble: 66% of banking and financial markets CEOs say potential productivity gains from AI and automation are substantial enough that they must accept the risks to remain competitive. The pressure is acute—60% of financial institution leaders acknowledge they're pushing AI adoption faster than some stakeholders find comfortable.
The talent crunch compounds the risk. Half of financial services CEOs surveyed are hiring for generative AI roles that didn't exist a year ago, yet 53% report struggling to fill key technology positions. Despite these headwinds, 65% of financial leaders believe success with AI depends more on employee adoption than the technology itself.
"CEOs face tremendous pressure to maintain competitive edge," said Shanker Ramamurthy, global managing partner of banking & financial markets at IBM Consulting, noting that workforce needs are shifting rapidly across the sector.
WHAT'S NEXT: Watch for whether finance teams can execute AI strategies faster than they can hire and train talent to manage them—a gap that could widen operational risk.
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