90% of women see AI as key, but only 35% feel prepared

Ninety per cent of women view generative AI as a crucial element in their professional advancement, according to a recent report by Nasscom and Boston Consulting Group.

The report highlights that these women see GenAI tools as essential for career development.

However, only 35% of women feel fully prepared to utilise these tools, with the readiness gap being more pronounced in non-tech roles.

With generative AI expected to comprise 33% of the global AI landscape by 2027, the AI market is projected to grow at a CAGR of 25–35%, potentially reaching a value of $320–380 billion.

The report also reveals that women are highly motivated to succeed in both AI and Generative AI, with 95% of junior staff, 96% of mid-management, and 100% of senior respondents willing to dedicate additional time to their professional growth.

In tech roles, 45% of women report increased confidence after mastering AI tools, with one in five women using these tools almost daily. Despite this, barriers such as limited knowledge, lack of trust, and restricted access continue to hinder adoption, particularly at senior levels.

Sheila Flavell CBE, Chief Operating Officer for FDM Group, remarked: “AI development is showing no signs of slowing down, so it’s important that staff equip themselves with the skills and understanding to bring it into their role. AI has the potential to level the playing field in the workplace, closing the gender gap in tech, and those adept in maximising its benefits, while mitigating risks, will be highly sought after to lead AI projects.”

The report underscores the need for businesses to recognise AI’s transformative potential, not just for the organisation but for its people as well. It suggests that companies should offer training boot camps and implement experiential learning to ensure staff are comfortable and confident in using AI technologies in their daily roles.

Lauren Hine, Chief for UK Marketing and Alliances and Women in Tech Ambassador for AND Digital, stated: “As businesses continue to embrace AI, it is set to dominate the tech industry, but it is essential to tackle the challenges of digital transformation through focused reskilling and upskilling initiatives. Women love tech and are eager to learn and excel in the field.

“The commitment is evident, with 79% of senior women in tech feeling successful, according to the AND Digital Rewards and Resilience report. To maintain and even elevate this success, businesses must continue to invest in skills training for women, taking a people AND innovation approach, ensuring they remain empowered and ready to thrive in the evolving industry.”

The report calls for addressing knowledge gaps to enhance GenAI adoption among women.

Original article source: https://www.electronicspecifier.com/news/women-in-tech/90-of-women-see-ai-as-key-but-only-35-feel-prepared

FAQ

1. Why do 90% of women see AI as key?

   – Many women recognize the potential of AI to transform industries, improve efficiency, and drive innovation. AI is seen as a crucial technology for future growth in various fields such as healthcare, finance, and technology.

2. What factors contribute to only 35% of women feeling prepared for AI?

   – Factors may include lack of access to relevant education and training, limited exposure to AI-related opportunities, and existing gender disparities in tech fields. Additionally, rapid technological advancements can create a sense of inadequacy among those who haven’t had the chance to keep up.

3. How can women improve their preparedness for working with AI?

   – Women can enhance their preparedness by seeking out educational resources, participating in workshops and training programs, joining professional networks, and gaining hands-on experience with AI technologies. Mentorship and support from organizations focused on women in tech can also be beneficial.

4. What role do organizations play in bridging the preparedness gap?

   – Organizations can provide training programs, mentorship opportunities, and create inclusive environments that encourage women to pursue careers in AI. By actively promoting diversity and supporting skill development, they can help women feel more prepared and capable.

5. Are there specific initiatives aimed at increasing women’s preparedness in AI?

   – Yes, there are various initiatives and programs focused on increasing women’s skills and involvement in AI. These include scholarships, coding bootcamps, mentorship programs, and industry partnerships aimed at empowering women with the necessary skills and knowledge.

6. How can the tech industry support women in becoming more involved in AI?

   – The tech industry can support women by creating more inclusive job opportunities, offering targeted training and development programs, and fostering a supportive community. Promoting gender diversity and addressing systemic barriers can also help women feel more prepared and engaged.