CEOs need to be on ‘high alert’ for AI impact on their businesses, says Bain’s global chief

[SINGAPORE] Only 10 to 15 per cent of the world’s companies are on “high alert” for the impact of artificial intelligence (AI) on their businesses, says Bain & Company worldwide managing partner and chief executive Christophe De Vusser.

Those are companies, he said, that “really understand how AI is going to impact them and are using it as a No 1 priority to drive business transformation”. He believes AI is a “once-in-a-generation” innovation and technology wave.

“People now understand that AI is real. Chief executives need to understand top-down where the opportunities are,” he said.

“Two-thirds of the value will come from reinventing your company processes, the data you work with or new data you’re going to create. It’s a great moment because it’s a time you can reinvent yourself. And one-third of the value will come from applying the AI.”

“AI will impact everyone and the progress has been incredibly fast… It has been two years since ChatGPT, and in 2025 we’ll have agentic solutions and deep research.”