"Nearly seven in ten chief executives expect to see returns on their AI investments within one to three years, compared with 21% who held this view in 2024, KPMG US found in a recent survey of 400 heads of large US companies. The shift underscores that, in only a year, CEOs' confidence in investing in AI has swung "completely to the other extreme," Tim Walsh, the company's US chair and CEO, told Business Insider."
"About two in 10 leaders now expect to see returns in just six months to a year, up from 1% last year. The latest survey took place from early August to mid-September. That growing anticipation over what AI can do is already reshaping how companies think about their business, Walsh said. "What I am confident in is that every single layer in that labor stack - and that regardless of what industry you're in - is being disrupted," he said."
"Almost seven in 10 CEOs in the survey said they expect their organizations to start looking more like an hourglass - larger at the top and bottom, with a thinner middle. It wouldn't be atypical with new technology to see the mid-skill level be disrupted first, Walsh said. Yet, it would mark a shift from the traditional pyramid, where most workers sit closer to the base."
Nearly 70% of chief executives of large US companies expect to see returns on AI investments within one to three years, a sharp rise from 21% in 2024. About 20% now expect returns within six to twelve months, up from 1% last year. Survey timing occurred from early August to mid-September and included 400 heads of large US companies. Many leaders report growing anticipation about AI's capabilities and foresee disruption across skill layers in the labor stack. Nearly seven in ten respondents predict organizational structures will resemble an hourglass, with larger top and bottom tiers and a thinner middle.
Read at Business Insider
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