Australia lags peer economies on AI-driven productivity, KPMG survey finds
Australian businesses are proving far more cautious over AI adoption than their peers several developed economies, including the US and Canada.
One of the world’s largest professional services firms thinks Australia is on the verge of an AI-driven productivity surge that even the crisis in the Middle East won’t derail.
The latest vote of confidence in the technology’s ability to help solve one of the nation’s most pressing economic challenges has emerged in the latest KPMG Global AI Pulse survey, provided exclusively to Capital Brief, that shows Australian businesses are lagging its peers when it comes to AI-driven productivity.
The survey began before the Iran-US tensions broke out, but KPMG Australia chief technology officer John Munnelly is not concerned the benefits will be overtaken by geopolitical instability.
“There’s supply chain challenges for businesses but I think businesses believe that is likely to be temporary whereas what we’re doing with AI to transform the business and business functions is still going to happen,” Munnelly said.
