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# Generative AI adoption will determine winners, losers
- URL: https://www.techstories.co/generative-ai-adoption-will-determine-winners-losers/
- Published: 2024-05-08T13:30:00.000Z
- Updated: 2024-05-09T13:35:21.000Z
- Description: Will AI lead us toward a utopian society or trap us in a perpetual dystopian nightmare?
- Author: Paul Mah
- Tags: Events, AI

Will AI lead us toward a utopian society or trap us in a perpetual dystopian nightmare?

Paul Blackler from Wavestone started off his keynote this morning at the CDOTrends 7th Chief Digital & Data Officer (CDDO) Asia Summit with a fun snap poll.

**All into AI**

Perhaps unsurprisingly, some 95% in the packed room of over 150 delegates were optimistic that AI will bring us to a better place.

And no wonder, as it emerged that many were working hard to implement AI in their organisations.

- Establishing business use cases.
- Setting up ethics committees.
- Rolling out pilot projects.

Or at least beginning the journey by attending events like the CDDO to hear from experts and other businesses further along on their AI roadmaps.

**Key takeaways**

It was a packed day for me, meeting up with friends such as Caitlin Nguyen and Clarence Goh, leading a discussion over lunch, and facilitating a panel with Sudhanshu Duggal and Carlos Queiroz about the utility of big (and small) AI models.

Now that I have some time, here are some takeaways from the day:

- **Leadership conundrum**: Generative AI will determine the winners and losers in the long term, says Paul. However, 16% of tech leaders believe that AI adoption should be led by the CEO. Ironically, most business leaders think AI adoption should be led by tech leaders.
- **Only as good as your data**: AI is only as good as your data. And IT and data leaders are facing unprecedented challenges with scaling their ability to manage more data, noted IBM's Anton Lee in his presentation.
- **Which model to use?** For companies creating IP or products that give them a unique competitive advantage, Carlos of SCB suggested that businesses should avoid proprietary models and go with open-source ones to ensure absolute control over their data.

It is abundantly clear that transformation is not a luxury but a necessity in our era of AI.

And unless they want to be left behind, organisations must evolve and change at a speed never seen before.

Read what I wrote about the CDDO Asia Summit on CDOTrends [here](https://www.cdotrends.com/story/3982/7th-cddo-asia-summit-genai-adoption-will-determine-winners-losers?ref=techstories.co).