A recent survey conducted by PwC reveals that almost half of business leaders believe their enterprises will not be viable in 10 years due to the impact of AI-led technological disruption and the acceleration of climate pressures. The survey, which polled 4,702 chief executives in 105 countries, highlights the concerns surrounding the convergence of technological disruption, represented by generative AI, and the ongoing climate transition.
Despite the positive trajectory of technological advancements, confidence among business leaders remains fragile. While many see generative AI as a catalyst for efficiency, innovation, and transformational change, a majority also acknowledge that workforce upskilling will be necessary to fully leverage its potential. Furthermore, the rise of generative AI is also expected to bring about increased cybersecurity risks, misinformation, and legal liabilities and reputation risks.
On a global scale, there is a growing optimism among chief executives regarding global growth, with the proportion of those optimistic about it doubling from 18 to 38 percent. This shift in sentiment can be attributed to the receding threat of inflation and macroeconomic volatility. Additionally, concerns about geopolitical conflict risk have decreased, with a decline of 7 percentage points among those who feel their companies are exposed to such risks.
However, business leaders in western Europe and North America have shown a divergence from this trend. In western Europe, 48 percent of chief executives predicted a decline in domestic economic prospects, while only 32 percent expected improvement. Similarly, in North America, 52 percent expressed pessimism, while only 31 percent were optimistic about domestic economic prospects.
Bob Moritz, PwC’s global chair, emphasized the need for business leaders to address disruptive forces within their industries and undergo fundamental reinvention of their businesses. Whether it is through the adoption of generative AI or adapting to the challenges and opportunities presented by the climate transition, this is a critical year for transformation.
As world leaders and influential figures gather at the World Economic Forum in Davos, the issues of technological disruption and climate change will undoubtedly be at the forefront of discussions. It is imperative for businesses to not only recognize the potential of emerging technologies but also adapt their strategies to address the evolving landscape shaped by the climate crisis.
The source of the article is from the blog elperiodicodearanjuez.es