Leaders these days seem to have a split mindset. According to survey after survey, executives are feeling positive about their economic fortunes in the coming year. But they are also despairing about what do to about AI, how it will affect their industry and workforce, and what they will need to do to survive long-term.
The latest iteration of this dynamic comes from PwC’s latest Global CEO Survey, released Jan. 20. The survey found that 60 percent of leaders have a positive short-term outlook for the overall economy, and plan to increase their business' headcount in the coming year. But they are anxious about that growth being sustainable; the report notes that "four in ten CEOs (42 percent) say their company will remain viable for less than ten years if it continues on its current path."
Unsurprisingly, a key source of this anxiety is generative AI. According to the report, companies are getting savvier about using it in their day-to-day work, but are still struggling to develop a strategy around it. What processes can it help simplify? What skills do workers need to know around it? How does it affect their workforce in general? Leaders are only starting to get their arms around all that: "Only a third of CEOs are planning to integrate AI into workforce and skills strategy," the report says. "This could be a misstep. Realising the potential of GenAI will depend on employees knowing when and how to use AI tools in their work—and understanding the potential pitfalls."
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