AI trust gap emerges: Businesses embrace Generative AI, but the general public remains wary

Rhea-AI Summary

Alteryx, Inc., a leader in AI for enterprise analytics, revealed research findings on the perception of Generative AI (genAI) in 2024. While 78% of businesses find genAI valuable, 42% of the general public are fearful of its future. Businesses use genAI mainly for data analysis, while the public uses it to search for information. Concerns include AI hallucinations impacting trust, data privacy, security, and reliability challenges. Many businesses plan to invest more in genAI, but there are worries about misinformation, job replacement, and potential misuse by hackers. Data literacy and ethical considerations are key to unlocking AI's full potential.

Positive

• 78% of businesses see value in Generative AI (genAI)

• Businesses report successful projects using genAI

• 62% of businesses plan to increase investment in genAI technologies

• GenAI can create content that the general public consumes positively

Negative

• 42% of the general public are fearful about the future of genAI

• 46% of the general public are skeptical about the value of genAI

• 44% of the general public believe genAI use needs regulation

• 65% of businesses feel genAI may replace existing job roles, causing concerns

• Data privacy, security, and reliability challenges hinder scaling genAI

New research from Alteryx uncovers 78% of businesses say Generative AI adds value, but 42% of the general public are fearful about its future

IRVINE, Calif., May 8, 2024 /PRNewswire/ -- Alteryx, Inc., a leader in AI for enterprise analytics, released findings from comprehensive new research into the awareness of and sentiment toward Generative AI (genAI) in 2024. The "Market Research: Attitudes and Adoption of Generative AI" report surveyed 2,000 global IT business leaders and 3,000 members of the general public to gather insights that expose the differing perceptions of how the world is navigating and embracing genAI. While over three-quarters (78%) of organizations say genAI adds business value, 46% of general public respondents are skeptical about its value, and 42% are fearful about its future.

Business understanding of genAI vs the general public

• The research highlights similarities in genAI usage: 58% of the general public use genAI to search for information, and 43% of businesses use it for data analysis.
• Regarding sentiment, 76% of the general public feel positive about the increasing use of genAI to create content they consume, but 44% added that its use needs to be regulated.
• Interestingly, opinions on areas where genAI should never be used differ, with 47% of the general public citing politics and 39% of business respondents citing healthcare decision-making.
• 65% of business leaders reported that AI hallucinations negatively impact their overall trust in AI, while 73% of the general public say the same.

GenAI is starting to deliver business value, but challenges need to be overcome

• In the last year, businesses have run an average of three pilots using genAI, and 77% say the projects were very or extremely successful.
• Businesses listed data privacy and security (41%), security concerns (39%), and quality and reliability of outputs (34%) as top challenges in scaling AI. Only 38% reported that ethical use guidelines were in place.
• Getting training right today is essential, especially since 29% reported that a lack of skilled talent is holding them back from scaling genAI across the organization. Yet, 19% of organizations using genAI don't offer any mandatory AI training.
• 65% of businesses feel that genAI will likely replace existing job roles in the organization over the next two to three years, while only 35% of the general public believe genAI will lead to job losses.

Usage and output concerns and challenges remain

• Three in five (62%) businesses plan to continue to increase their investment in genAI technologies. However, 42% of the general public is concerned about how hackers may use genAI to commit crimes, and 38% think it will give rise to fake news.
• Almost half of the businesses say their organization has experienced misinformation produced by genAI, and 39% reported that the material delivered by genAI appeared to infringe on copyright or other intellectual property rights.
• Similarly, 53% of the general public reported that information produced by genAI was incorrect, and 39% believed it was outdated.

"Data literacy and a command of data analytics arguably remain critical to unlocking AI's full potential while delivering ethical and trusted outcomes," said Trevor Schulze, CIO at Alteryx. "With high-quality, clean data at the foundation of AI, businesses need to accelerate the data journey without compromising on ethical considerations and policies governing the use of data and AI. Self-service platforms that empower non-technical users to access and analyze data while harnessing AI in a secure and trusted environment are ideal for fostering trustworthy genAI outcomes."

Read the Alteryx blog to learn more about how businesses and the general public perceive genAI in 2024. 

About the research

The survey was conducted by Coleman Parkes from March to April 2024, and targeted 2,000 IT business leaders and 3,000 members of the general public in 11 countries. Demographics included business leaders that are IT decision-makers on data leadership teams in organizations across key sectors in the Americas, EMEA and APAC regions. Nearly nine in ten (87%) of these respondents are part of the procurement initiative for genAI for their organization. They work in financial services, the public sector, manufacturing and technology for organizations with global revenue ranging from $50 million to over $10 billion. The smallest employs a workforce of less than 500 people and the largest has more than 10,000 employees. One in ten respondents works for a Fortune 500 company.

About Alteryx

Alteryx powers actionable insights with the AI Platform for Enterprise Analytics. With Alteryx, organizations can drive smarter, faster decisions with a secure platform deployable in on-prem, hybrid, and cloud environments. More than 8,000 customers globally rely on Alteryx to automate analytics to improve revenue performance, manage costs, and mitigate risks across their organizations.

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.

FAQ

How many businesses find value in Generative AI (genAI)?

78% of businesses find value in Generative AI.

What are the top challenges in scaling AI according to businesses?

Data privacy and security, security concerns, and quality and reliability of outputs are top challenges in scaling AI.

What percentage of the general public is fearful about the future of genAI?

42% of the general public are fearful about the future of genAI.

What percentage of businesses plan to increase investment in genAI technologies?

62% of businesses plan to increase investment in genAI technologies.

What concerns do businesses have regarding genAI?

Businesses are concerned about AI hallucinations impacting trust, data privacy, security, and reliability challenges.