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this post was submitted on 16 Jan 2024
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World News
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A new survey by consulting firm PwC has revealed a growing number of executives don't think their companies will survive the next 10 years because of pressure from climate change andĀ technology.TheĀ PwC Global CEO Survey said executives believed there needs to be a major overhaul if their companies want to stay afloat with setbacks like artificial intelligence (AI) and climate change.
The survey of more than 4,700 CEOs worldwide was released on Monday as business elites, political leaders and activists descended on theĀ World Economic Forum's annual meetingĀ in Davos, Switzerland, and it showed a mixed picture of the coming years.
"Whether it is accelerating the rollout of generative AI or building their business to address the challenges and opportunities of the climate transition, this is a year of transformation,ā Bob Moritz, global chairman of PwC said in a statement.
More than half of the chief executives said AI will make their products or services better, but 69 per cent noted that their workers needed training to gain skills to use the developing technology.
More than three-quarters of the executives said they have begun or completed changes to increase energy efficiency, but only 45 per cent noted that they have made progress on taking the climate risks into account in financial planning.
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