While AI adoption has become a priority for many firms, a significant number have yet to adopt the technology or have made only limited investments. For both manufacturers and service companies, the top reason for not using AI is that their business activities are not well suited to the technology. Other barriers include a lack of technical skills among employees and concerns about security and accuracy. Interestingly, cost is among the least-cited concerns, suggesting that for many firms, the challenge is not the price of AI tools but whether they can meaningfully apply the technology to their business.
Source: Federal Reserve Bank of New York Regional Business Survey; August 2026
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
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