Survey on Generative AI Adoption Concerns

This report presents findings from a survey conducted by Wakefield Research among 100 Fortune 1000 executives regarding their perceptions and concerns about generative AI (genAI). The survey reveals that 98% of executives have paused genAI initiatives to establish necessary guidelines and policies, highlighting a significant level of caution. Key concerns include security risks, with 100% of respondents expressing unease, and ethical implications, with 42% worried about the technology's moral impact. The report details specific worries, such as copyright issues, data privacy violations, and the potential for negative public relations. Despite recognizing the competitive advantages of genAI, executives emphasize the importance of human oversight in its implementation. The findings indicate a cautious approach to adopting genAI, with many companies still in the process of developing formal policies. The report concludes that addressing these concerns is essential for the successful integration of genAI into business operations.