47% of CEOs are prioritizing AI transformation due to its potential impact and benefits, according to an expert.

Reported 6 months ago

According to a new Ernst & Young survey, 47% of CEOs are focusing on AI transformation by investing in technology over the next 12 months. EY Global Vice Chair of Strategy and Transactions, Andrea Guerzoni, explains that CEOs are optimistic about the impact of AI on productivity and the bottom line, attributing their enthusiasm to managing complexity, cost-cutting, and rationalizing portfolios. The survey also highlights CEOs' increasing optimism about revenue and profitability, despite challenges like cyber threats and the need for effective cybersecurity approaches.

Source: YAHOO

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