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      Is the boardroom stuck in pilot mode while the rest of the world scales up? 

      While governance frameworks for the responsible use of Generative Artificial Intelligence (GenAI) are taking shape in Australia, the strategic ambition to harness its potential remains limited. Despite widespread recognition of GenAI’s transformative power, only 3% of Australian organisations have integrated it into their strategy.

      With very few Australian boards actively recruiting for deeper technology skills, directors should consider how they access the expertise and build the AI fluency needed to lead the transformation they’re tasked with overseeing.

      KPMG’s global Board Leadership Centre network surveyed more than 200 non-executive directors, including respondents from Australia, the US, UK, India and more, to understand how boards are approaching GenAI adoption and impact.

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      Boardroom view on GenAI adoption

      Key considerations to guide boardroom discussions on GenAI.
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      Key themes shaping boardroom discussions on GenAI

      • Organisational adoption and impact
        • 52% of Australian organisations are piloting GenAI selectively within their business but only 3% have integrated GenAI into their company strategy
        • Australia leads the way in communicating responsible use policies with 42% of organisations saying they have published responsible GenAI use guidelines
        • 48% are most concerned about the risks posed by the inaccuracy of the underlying data and 42% are most concerned about the inaccuracy of results, including hallucinations. 
      • Future disruptions and opportunities
        • 45% reported that accessing new skills and talent required is the most significant disruption facing organisations as they adopt GenAI
        • 84% cite operational efficiencies as the key strategic consideration driving company investment in GenAI over the next 2-3 years
        • 39% report that their company is actively exploring potential adoption of emerging forms of AI, including agentic AI within the next 2-3 years
      • Technology-related skills in the boardroom
        • 71% say their board currently includes general technology skills and only 3% say they are actively recruiting for deeper technology skills.
        • 23% say that their board includes specific GenAI expertise

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