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Talking AI: Top Three Barriers To Digital Adoption

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  While the industry has grown in terms of infusing innovation into formerly manual processes, many lenders say they are not ready to dive into the latest wave of AI.


The article from Forbes Business Council, published on December 9, 2024, discusses the top three barriers to digital adoption in businesses. Firstly, resistance to change is highlighted as a significant hurdle, where employees and management often prefer traditional methods due to comfort and fear of the unknown. Secondly, lack of digital literacy among staff poses a challenge, as not all employees are equipped with the necessary skills to effectively use new digital tools, leading to inefficiencies and reluctance to adopt. Lastly, inadequate infrastructure is identified as a barrier, where companies might not have the technological backbone or resources to support digital transformation, including issues like outdated systems, insufficient IT support, and cybersecurity concerns. The article emphasizes the need for comprehensive training programs, change management strategies, and investment in robust IT infrastructure to overcome these obstacles and successfully integrate digital solutions into business operations.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesbusinesscouncil/2024/12/09/talking-ai-top-three-barriers-to-digital-adoption/ ]