When looking at the past three years, a survey from McKinsey showed no substantial increase in the amount of attention companies are giving any . This includes cybersecurity, regulatory compliance, privacy, and explainability.

# The State of AI in 2022: A Half-Decade in Review

Thank you for reading this post, don’t forget to subscribe!

As a Trends Forecaster Investment professional, it is crucial to stay updated on the latest developments in the field of artificial intelligence (AI). In this article, we will explore the current state of AI and its implications for expert traders.

## Lack of Attention to Key Areas

According to a survey conducted by McKinsey, when looking at the past three years, there has been no substantial increase in the amount of attention companies are giving to crucial areas such as cybersecurity, regulatory compliance, privacy, and explainability[^1^]. These areas are of utmost importance in the AI landscape, as they directly impact the trustworthiness and reliability of AI systems.

## AI-Related Risks

One specific area that demands attention is AI-related risks. As AI continues to evolve and become more integrated into various industries, the potential risks associated with it also increase. AI-related risks include ethical concerns, bias in algorithms, and potential job displacement[^2^]. It is essential for expert traders to be aware of these risks and consider them while making investment decisions.

## The Need for Expertise

Given the complexities and risks associated with AI, expert traders must possess a deep understanding of AI technologies and their implications. It is not enough to rely solely on traditional investment strategies; a comprehensive understanding of AI and its impact on the market is crucial for informed decision-making.

## Conclusion

As the field of AI continues to advance, expert traders need to stay ahead of the curve and adapt their investment strategies accordingly. By recognizing the lack of attention to key areas and being aware of AI-related risks, expert traders can make well-informed investment decisions in this rapidly evolving landscape.

For more information, you can refer to the full survey conducted by McKinsey[^1^].

[^1^]: https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai-in-2022-and-a-half-decade-in-review#review
[^2^]: https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai-in-2022-and-a-half-decade-in-review#review