Falling productivity in New Zealand
The findings come as New Zealand has fallen on key productivity measures, including capital productivity, GDP per capita, and investment spending.
Liza van der Merwe, Deloitte Access Economics Lead Partner at Deloitte New Zealand, said their findings indicate that AI is a significant opportunity to boost productivity gains.
The expert, however, warned that this can only happen if businesses have the right foundations in place.
“Progress depends on building mindset, systems, and skills in tandem. When these come together, businesses are far better placed to turn AI into real productivity gains,” van der Merwe said in a statement.
More than eight in 10 (82%) of businesses in New Zealand are using AI at work, according to the report. However, most of these users rely on AI features on tools they already own instead of implementing standalone solutions.