One in 10 Australian firms halt AI rollouts over security fears

Summarised from 2 outlets · Updated 12 Oct, 05:54 · Archive

Ten per cent of Australian businesses have stopped their initial AI deployments because of security concerns, according to a survey by Adobe's data arm. The survey polled executives at companies with revenues of at least $100m across Australia and New Zealand.

Of the 465 Australian and New Zealand businesses surveyed, 18 per cent of AI proposals are rejected for security reasons during IT evaluation. That rejection rate almost doubles for highly sensitive industries such as finance, health and science organisations.

Adobe Asia Pacific digital strategy director Jeremy Willmott said companies often lack the mechanisms to move AI initiatives into production successfully. 'What we found was that companies often lack pre-approved pathways that help move initiatives into production, including approved integration patterns, standardised security reviews, and established budget categories,' he said. 'Without these mechanisms, proposals must navigate a new or different process, significantly reducing their chances of success.'

A shortage of AI skills remains the biggest barrier to scaling adoption. Eighty per cent of businesses said the skills shortfall remained unchanged or worsened over the past 12 months. Despite the challenges, 78 per cent of Australian and New Zealand businesses are increasing AI investment year on year, and nearly 66 per cent believe they are still underinvesting.

How it is being reported

• One in 10 Australian companies halt initial AI rollouts over security fearsA new survey has exposed the reason why one in 10 Australian businesses are abandoning their initial AI rollout plans.Perth Now · 12 Oct, 05:27
• One in 10 Australian companies halt initial AI rollouts over security fearsA new survey has exposed the reason why one in 10 Australian businesses are abandoning their initial AI rollout plans.The West Australian · 12 Oct, 05:27

In this story: Adobe · Australia · New Zealand · Jeremy Willmott

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