Outdated tech and AI innovations pose increasing risks for global businesses, while cyber concerns decline despite evolving threats, a Beazley report finds.
Global business executives are increasingly worried about the risk of their technology becoming obsolete, while concern over cyber threats is declining, despite the evolving and persistent nature of such threats, according to a survey by Beazley PLC.
Over a quarter (27%) of executives are concerned about the risk of their technology becoming obsolete, especially in the face of innovations like AI, a figure that is projected to rise to 28% by 2025. One in four executives believe the threat posed by AI and other disruptive technologies is the top risk they face this year, with 68% of respondents agreeing with statement that AI will lead to jobs being replaced in their company.
“While the advent of new technologies, such as AI, offers the opportunity to streamline operations and increase efficiency, it also presents significant risk. The pace of innovation can leave firms exposed to risk linked to tech obsolescence, more…
