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* User loginUser iconLogin * * SearchA search icon TechSpot logoThe word TechSpot * Trending * Gaming GPU vs AI * RTX 4070 vs 4070 Ti * Chiplets Explained * Radeon 7900 XT vs RTX 4070 Ti * Outstanding Video Game Series * Features * Tech Culture * Must Reads * Hardware * Software * Gaming * Explainers * Tips & Tricks * Reviews * CPU * Graphics Cards * Laptops * Storage * Monitors * More Reviews * The Best * Best CPUs * Best Graphics Cards * Best Monitors * Best Software * Best SSD * Best PC Speakers * Downloads * Latest Updates * Popular Apps * Software We Recommend * Drivers * Product Finder Search * Forums * Join TechSpot Elite * New Posts * Latest Comments * Jobs * AI * Industry * survey * workplace OVER HALF OF ALL TECH INDUSTRY WORKERS VIEW AI AS OVERRATED BUT THEY STILL UNDERSTAND ITS VALUE By Rob Thubron November 20, 2023 at 9:28 AM TechSpot is celebrating its 25th anniversary. TechSpot means tech analysis and advice you can trust. In brief: Few technologies have gone from the tech fringes to becoming a global phenomenon quite like generative AI. But even with billions of dollars being invested into the industry and tools like ChatGPT attracting over 100 million weekly users, the question of whether the hype is justified hasn't gone away. According to a new survey, over half of those working in the tech industry believe AI is overrated. Retool, a development platform for business software, recently published the results of its State of AI survey. Over 1,500 people took part, all from the tech industry: software engineers, business leaders, execs, product folks, designers, etc. The first and biggest question the survey asked was how fairly rated is AI. Just over 23% believe it is rated fairly, while a quarter of respondents were presumably proponents of the tech as they said it was underrated. However, 51.6% of people said it was overrated. It might not be surprising to learn that upper management, many of whom see generative AI as a way of cutting costs by replacing workers, had the most favorable views, while non-executive employees who actually have to use generative AI once it's implemented in their workplaces (assuming it doesn't replace them) mostly felt it was overrated. Some of that skepticism will likely be from factors found in the section on "pain points around developing AI apps." Just under 40% of respondents said the accuracy of answers was the biggest concern, followed by data security, hallucinations, and associated costs. Among those respondents who believe AI is overhyped, only 14.4% said their employers were overinvesting in the technology, suggesting they understand the importance and potential of the technology in the workplace even if they don't see it as world-changing, at least not yet. Elsewhere, 77.1% of those who took part said their companies were making some effort to adopt AI into the workplace. Moreover, an overwhelming number of respondents expect AI will either somewhat or significantly change their jobs and industry over the next five years. "The AI revolution has been breathlessly covered but we've seen a lot less about use cases, especially in business," said David Hsu, CEO and founder of Retool. "We did this survey and report because it won't be possible to truly harness AI without first appreciating how it's being used. What our findings make clear is that while AI isn't replacing most technical jobs, it's reshaping them – and people are latching onto the technologies that help them accelerate and strengthen their work." Do you think generative AI is overhyped? Yes, it's not going to solve all of the world's problems No, its impact could rival the industrial revolution 3 comments 2K likes and shares Share this article: TECH JOBS: FIND THE NEXT STEP IN YOUR CAREER Find Your Place In The World BY Amply Universal Orlando Resort Manager, Web Solution Engineering & Operations Orlando See Job KEYENCE Data Architect Itasca $125,000 - $138,000 a year See Job The MITRE Corporation Cybersecurity Architect Bethesda See Job Hudson River Trading Director of International Tax New York $200,000 - $300,000 a year See Job Search More Roles RELATED STORIES * OneDrive users must justify why they are closing the app before exiting (Updated) * Apple pays $25 million DOJ settlement for prioritizing the hiring of immigrant workers * YouTube claims first-ever lead over Netflix in teen viewership * Software engineers should develop a T-shaped skill set, but what is that? FEATURED ON TECHSPOT * OpenAI fires CEO Sam Altman, but this is not over * The rapidly evolving state of Generative AI Load Comments 3 ... User Comments: 3 Got something to say? Post a comment Load all comments... Discuss * 11 Bethesda and Tempur team up to create "NASA-like" Starfield cockpit gaming chair * 14 Microsoft confirms Windows 10 and 11 activation issues, says it is investigating * 11 iPhone will add RCS support next year, ending the green bubble controversy * 21 PUBG maker reveals upcoming Sims-like game with realistic Unreal Engine 5 graphics * 26 About five years later, the Epic Games Store is still not profitable * Recently commented stories * Jump to forum mode Add your comment to this article Create your free account to leave a comment. Join thousands of tech enthusiasts and participate. TechSpot Account Sign up for free, it takes 30 seconds. Already have an account? Login now. 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