More than 90% of South Korean company CEOs believe that strategic decision-making using artificial intelligence (AI) technology is possible. They expect AI to acquire complex and vast data, enabling timely decision-making quickly.
A survey conducted by the Seoul Economic Daily yesterday, which included 148 CEOs of South Korean companies, found that 92.3% (138 companies) believe they can leverage AI for strategic decision-making. These CEOs particularly highlighted AI’s data processing capabilities. When asked how AI could assist them, with multiple responses allowed, over half of the CEOs cited “gathering and analyzing data on market conditions and other factors” (54.3%, or 75 companies) as a primary benefit. The second most common benefit was “interpreting and summarizing data” (44.9%, or 62 companies).
This indicates a strong expectation that AI will enhance data analysis, which is crucial for major strategic decisions. By leveraging its extensive data collection and analysis capabilities, AI is expected to enable faster and more informed decision-making. Traditionally, gathering data involved manually reviewing internal and external reports, which often constrained the scope of information due to time limitations. Many CEOs are also optimistic that AI could assist in making future predictions and offering valuable management insights.
The use of AI by CEOs, who hold decision-making authority, can ultimately enhance the overall work efficiency of their organization. As AI takes over simple tasks such as process management in manufacturing plants or supply chain management, more human resources can be allocated to core tasks. A CEO of a South Korean manufacturing company stated, “I believe utilizing AI will significantly enhance work efficiency,” adding that “the expected benefits will be realized if the company’s internal infrastructure and the management’s interest are adequately supported.”
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