A recent survey conducted by PricewaterhouseCoopers (PwC) reveals that almost half of global chief executives are concerned that their business models may not be viable within the next decade due to the rapid pace of technological advances, such as artificial intelligence (AI), and climate pressures. The survey, which involved 4,702 company leaders worldwide, shows a significant increase in CEOs’ worry about the need for adaptation, with 45% expressing concern compared to 39% in the previous year.
During the unveiling of the survey at the World Economic Forum in Davos, Switzerland, Bob Moritz, the global chair of PwC, stated that business leaders have become less optimistic about their own revenue prospects and are now more acutely aware of the necessity for fundamental reinvention within their organizations. Moritz also highlighted the growing importance of AI and climate change in the business landscape, emphasizing the need for countries to invest in better infrastructure and clean energy to keep up with the rising demand for advanced technology.
Furthermore, the survey found that CEOs are becoming less worried about macroeconomic challenges, indicating a shift in focus towards technological advancements and sustainable practices. Over a third of the CEOs surveyed expect their workforce to increase by 5% this year.
In line with these concerns, PwC itself is taking steps to make “smarter” decisions regarding corporate travel. The aim is to reduce emissions and cut costs by becoming more effective and efficient in travel arrangements. This strategic approach reflects a broader trend, with businesses recognizing the urgent need to address environmental and financial challenges through innovative solutions.
The survey’s findings highlight the critical need for businesses to adapt and invest in technology and sustainable practices to ensure their long-term viability. As AI continues to advance and climate concerns grow, proactive measures are crucial to secure a successful future for companies in an ever-evolving business landscape.
The source of the article is from the blog oinegro.com.br