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AI Adoption in Australia Is Slow and Cautious, RBA Survey Reveals

Australian Financial Review

ENRICHED

Details

Date Published
2 Mar 2026
Priority Score
2
Australian
Yes
Created
2 Mar 2026, 08:00 pm

Authors (1)

Description

Companies are being told to invest in AI or fall behind, but they are also wary of the regulatory and security pitfalls at a time when advice is hard to find.

Summary

The Reserve Bank of Australia's survey highlights a cautious and gradual approach by Australian businesses toward AI adoption, with less than 10% reporting significant implementation. This trend underscores concerns about potential regulatory and security challenges. The article suggests that while businesses are encouraged to integrate AI, there is a hesitancy spurred by a lack of comprehensive guidance on regulatory compliance and security measures. This cautious stance could have implications for Australia's competitive position in leveraging AI, especially in the context of global markets that are more aggressively advancing AI technologies.

Body

TechnologyAIPrint articleChristopher NiescheMar 3, 2026 – 6.00amOnly a small proportion of Australian businesses have substantially adopted artificial intelligence into their operations, but investments in other technologies have set up many businesses to adopt AI in the future.Less than 10 per cent of businesses have made “significant” adoption of AI and around 20 per cent have made “moderate” adoption, according to a survey of businesses by the Reserve Bank of Australia released late last year.Loading...SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIAFR ReportsOpenAIJobsFetching latest articles