PagerDuty Study Reveals Security Concerns Are Slowing Adoption of GenAI Among the World’s Largest Companies
March 27 2024 - 9:00AM
Business Wire
98% of top tech execs paused their corporate
genAI initiatives to establish policies
Execs say that a trusted technology partner is
key to incorporating genAI into their organizations
PagerDuty, Inc. (NYSE:PD), a global leader in digital operations
management, today released a study that reveals technology
executives at America’s largest companies are apprehensive about
the adoption of generative AI, citing security and moral
implications among their concerns. In fact, 98% have directed their
teams to pause internal genAI initiatives while their company
establishes guidelines and policies.
PagerDuty surveyed 100 Fortune 1000 executives who report
directly to a CIO with a minimum seniority of VP. As organizations
increasingly discuss the promise of AI, 100% of executives surveyed
have concerns about the security risks of this technology and more
than half (51%) believe they should adopt genAI only after they
have the right guidelines in place.
Although these executives are closest to the potential business
benefits and future of advanced technologies, nearly half (46%)
believe they risk falling behind if they don’t adopt genAI as
quickly as possible, regardless of parameters. However, a full
quarter revealed that they do not trust genAI.
“Tech executives are usually early adopters eager to deploy
advanced technologies, but only if they can do it safely and within
a company’s prescribed guidelines. Our survey shows there’s
hesitation to experiment with genAI until they can trust the
results,” said Eric Johnson, chief information officer at
PagerDuty. “Key to deploying genAI at scale is providing these
organizations with the right technology and a solid foundation of
trust that helps them experiment in a safer environment than what
exists today,” he added.
Other key findings from the survey data include:
- GenAI’s risk to the organization’s reputation concerns 50% of
respondents.
- Unease over copyright and legal exposure keeps a majority of
them up at night (51%).
- 51% also believe they should adopt genAI only after they have
the right guidelines in place.
- Only 29% of companies have established formal guidelines.
Additionally, 66% are currently setting up these policies.
- Despite pausing genAI initiatives to establish policies at some
point, 64% of executives responded that genAI is already being used
in most or all of their organization’s departments and 98% of their
companies are experimenting with use cases for genAI.
The survey was conducted by Wakefield Research on behalf of
PagerDuty. All survey findings and methodology are available
here.
While genAI offers significant potential for streamlining
operations and enhancing innovation, recognizing these concerns and
ensuring human oversight are crucial for its integration into
organizational workflows. PagerDuty, the industry leader in AIOps,
has been working with AI and machine learning for years and
continues to grow its genAI platform to address the concerns of the
tech leaders highlighted in this study.
“Driving operational transformation is our priority at
PagerDuty, and this study shows there is work to be done within
some of our country’s largest companies,” said Johnson. “We want to
help companies use genAI with confidence and trust, to dig deeper
and complete more complex tasks. With automation, you’re in a
position to ‘roll back or fail forward’ as quickly as possible to
minimize the impact for yourself and your customers.”
About PagerDuty Inc.
PagerDuty, Inc. (NYSE:PD) is a global leader in digital
operations management, enabling customers to achieve operational
efficiency at scale with the PagerDuty Operations Cloud. The
PagerDuty Operations Cloud combines AIOps, Automation, Customer
Service Operations, Incident Management and PagerDuty Copilot into
a flexible, resilient and scalable platform to increase innovation
velocity, grow revenue, reduce cost, and mitigate the risk of
operational failure. More than half of the Fortune 500 and nearly
70% of the Fortune 100 rely on PagerDuty as essential
infrastructure for the modern enterprise. To learn more and try
PagerDuty for free, visit www.pagerduty.com.
The PagerDuty Operations Cloud
The PagerDuty Operations Cloud is the platform for
mission-critical, time-critical operations work in the modern
enterprise. Through the power of AI and automation, it detects and
diagnoses disruptive events, mobilizes the right team members to
respond, and streamlines infrastructure and workflows across your
digital operations. The Operations Cloud is essential
infrastructure for revolutionizing digital operations to compete
and win as a modern digital business.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240327682955/en/
Media Contact: Amberly Asay Janke media@pagerduty.com
SOURCE PagerDuty
PagerDuty (NYSE:PD)
Historical Stock Chart
From Oct 2024 to Nov 2024
PagerDuty (NYSE:PD)
Historical Stock Chart
From Nov 2023 to Nov 2024