This reporting is basically dishonest. The execs are not confused. They knew this was likely to occur, because we all told them so.
Now, you can argue that they hoped otherwise, that they were being ridiculously optimistic. But to argue that they didn’t expect it is simply unbelievable.
The modern executive who got their post from being mates with the right people, having attended the right schools and relentless self-promotion isn’t a highly analitical person who sistematically and in depth researches their options before chosing what to do.
This is unsurprising given that a system were the image one projects is critical to one’s career progression rewards almost the opposite: they’re supposed to look decisive and confident.
The myth of CxO competence is just that: a myth and the product of confusing the characteristics of the character they’re playing with the characteristics of the actor, something we’re definitelly egged on to do by the Media.
It’s only unbelievable that the execs did not expect this for those who believe the execs are actually competent at management rather than being people born in the right families and whose greatest competence is in playing the right role for the right audience.
The KPMG report, initially flagged by the Register, surveyed 2,145 senior execs across 20 countries, finding that an astonishing 29 percent of them had no idea where the growing costs associated with AI were coming from.
This reporting is basically dishonest. The execs are not confused. They knew this was likely to occur, because we all told them so.
Now, you can argue that they hoped otherwise, that they were being ridiculously optimistic. But to argue that they didn’t expect it is simply unbelievable.
The modern executive who got their post from being mates with the right people, having attended the right schools and relentless self-promotion isn’t a highly analitical person who sistematically and in depth researches their options before chosing what to do.
This is unsurprising given that a system were the image one projects is critical to one’s career progression rewards almost the opposite: they’re supposed to look decisive and confident.
The myth of CxO competence is just that: a myth and the product of confusing the characteristics of the character they’re playing with the characteristics of the actor, something we’re definitelly egged on to do by the Media.
It’s only unbelievable that the execs did not expect this for those who believe the execs are actually competent at management rather than being people born in the right families and whose greatest competence is in playing the right role for the right audience.
I think you’re underestimating how clueless and braindead executives can be.
It’s the quest for infinite growth and fomo, just needed a good/bad salesman to come along
They’re just dumb assholes
Dumb assholes that don’t read the reports or pay attention in meetings where this is cost is brought up.
Well it was cheaper before, till Ai vendors increased prices to cover the real costs