Artificial intelligence has arrived, but Australian businesses are not ready for it

Despite spending the world's second-largest amount on automation, Australian companies are not ready for robots - or for retraining staff

A survey of business leaders has found Australian companies are the worst prepared for the arrival of artificial intelligence (AI) technologies among selected major economies, despite spending the second-largest amount of money on automation.

Independent research agency Vanson Bourne was commissioned by IT company Infosys (which as a seller of an AI platform has a vested interest in promoting such technology) to poll 1,600 business leaders of companies with more than 1,000 staff and at least US$500m in annual revenue across Australia, China, the United States, Germany, France, India and the UK.

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