{"id":20537,"date":"2023-11-10T06:27:54","date_gmt":"2023-11-10T06:27:54","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/despite-corporate-cost-cutting-ceos-are-all-in-on-investing-in-generative-ai\/"},"modified":"2023-11-10T06:27:56","modified_gmt":"2023-11-10T06:27:56","slug":"despite-corporate-cost-cutting-ceos-are-all-in-on-investing-in-generative-ai","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=20537","title":{"rendered":"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI"},"content":{"rendered":"
\n

Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in automation. According to EY\u2019s recent Q4 CEO Outlook Pulse Survey, nearly all (99%) CEOs are investing significantly in integrating generative AI into their business plans.<\/p>\n

In a wide-ranging conversation with Andrea Guerzoni, EY’s global vice chair of strategy and transitions, he shared the survey findings and how companies are deploying automation to better compete in the marketplace. Guerzoni advises client boards and CEOs on transformational deals from strategy to execution.<\/p>\n

The EY quarterly survey of 1,200 global chief executives, which provides insights on AI and investment frameworks, sheds light on the challenges business leaders face regarding this fast-growing technology.<\/p>\n

\u201cThe potential for GenAI to reinvent the way companies operate cannot be ignored, and CEOs are making bold investments in the technology to solidify their competitive advantages and future-proof their organizations,\u201d said Guerzoni.<\/p>\n

<\/fbs-ad><\/p>\n

Disruptions And Investments<\/h2>\n

According to EY, growth will remain sluggish, and interest rates and inflation will remain stubborn for the foreseeable future. Companies must also contend with shifting consumer behaviors, balance of trade and escalating geopolitical turmoil. CEOs must consider the risks and rewards in this changing business landscape and recognize the emerging gap between organizations expecting to scale and those that risk falling behind.<\/p>\n

Corporate leaders have a vested interest in adopting GenAI, as it can potentially disrupt their enterprise models. The Pulse Survey found that 69% of the respondents are redistributing funds from other investment projects, and 23% are raising new capital to financially back AI initiatives.<\/p>\n

Despite the reallocation of money away from other budgets, Guerzoni emphasized, \u201cTo be clear, AI is not here to steal our jobs. There is still an important human element that needs to be considered when implementing AI into a corporate strategy, and we expect to see a reskilling of resources as organizations look to bolster their talent in this space.\u201d<\/p>\n

Most (87%) have hired or are hiring to catch up in the race for GenAI talent.<\/p>\n

However, despite a clear intentionality to future-proof their organizations, CEOs (26%) find it hard to make decisions around allocating funds due to the rapid advancement of automation. Moreover, two-thirds of the top executive respondents report difficulty in identifying and implementing \u201ccredible ecosystem partnerships and acquisition targets\u201d as more and more companies tout their AI expertise.<\/p>\n

While 70% of business leaders understand the urgent need to deploy automation, nearly the same percentage reports also being hindered by uncertainty around this technology, making it difficult to act quickly.<\/p>\n

\u201cThe AI transformation is not going to happen overnight. While CEOs are identifying and assessing the efficiency gains AI offers, the top-line growth opportunities are much more complicated. Finding clarity on AI-fueled growth among that complexity will be a key strategic aim, but it\u2019s a longer-term goal,\u201d said the EY global vice chair.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in automation. According to EY\u2019s recent Q4 CEO Outlook Pulse Survey, nearly all (99%) CEOs are investing significantly in integrating generative AI into their business plans. In a wide-ranging conversation with Andrea Guerzoni, EY’s global vice chair […]<\/p>\n","protected":false},"author":1,"featured_media":20538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[76],"tags":[],"class_list":{"0":"post-20537","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leadership"},"yoast_head":"\nDespite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI | Brandiary<\/title>\n<meta name=\"description\" content=\"Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mysourcefunding.com\/?p=20537\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI | Brandiary\" \/>\n<meta property=\"og:description\" content=\"Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mysourcefunding.com\/?p=20537\" \/>\n<meta property=\"og:site_name\" content=\"Brandiary\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T06:27:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T06:27:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/11\/1699597675_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mysourcefunding.com\/?p=20537#article\",\"isPartOf\":{\"@id\":\"https:\/\/mysourcefunding.com\/?p=20537\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4\"},\"headline\":\"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI\",\"datePublished\":\"2023-11-10T06:27:54+00:00\",\"dateModified\":\"2023-11-10T06:27:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mysourcefunding.com\/?p=20537\"},\"wordCount\":488,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mysourcefunding.com\/#organization\"},\"articleSection\":[\"Leadership\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mysourcefunding.com\/?p=20537#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mysourcefunding.com\/?p=20537\",\"url\":\"https:\/\/mysourcefunding.com\/?p=20537\",\"name\":\"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI | Brandiary\",\"isPartOf\":{\"@id\":\"https:\/\/mysourcefunding.com\/#website\"},\"datePublished\":\"2023-11-10T06:27:54+00:00\",\"dateModified\":\"2023-11-10T06:27:56+00:00\",\"description\":\"Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in\",\"breadcrumb\":{\"@id\":\"https:\/\/mysourcefunding.com\/?p=20537#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mysourcefunding.com\/?p=20537\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mysourcefunding.com\/?p=20537#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mysourcefunding.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mysourcefunding.com\/#website\",\"url\":\"https:\/\/mysourcefunding.com\/\",\"name\":\"Brandiary\",\"description\":\"Latest Business and Startup News and Updates\",\"publisher\":{\"@id\":\"https:\/\/mysourcefunding.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mysourcefunding.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mysourcefunding.com\/#organization\",\"name\":\"Brandiary\",\"url\":\"https:\/\/mysourcefunding.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png\",\"contentUrl\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png\",\"width\":381,\"height\":100,\"caption\":\"Brandiary\"},\"image\":{\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png\",\"contentUrl\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/mysourcefunding.com\"],\"url\":\"https:\/\/mysourcefunding.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI | Brandiary","description":"Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mysourcefunding.com\/?p=20537","og_locale":"en_US","og_type":"article","og_title":"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI | Brandiary","og_description":"Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in","og_url":"https:\/\/mysourcefunding.com\/?p=20537","og_site_name":"Brandiary","article_published_time":"2023-11-10T06:27:54+00:00","article_modified_time":"2023-11-10T06:27:56+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/11\/1699597675_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mysourcefunding.com\/?p=20537#article","isPartOf":{"@id":"https:\/\/mysourcefunding.com\/?p=20537"},"author":{"name":"News Room","@id":"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4"},"headline":"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI","datePublished":"2023-11-10T06:27:54+00:00","dateModified":"2023-11-10T06:27:56+00:00","mainEntityOfPage":{"@id":"https:\/\/mysourcefunding.com\/?p=20537"},"wordCount":488,"commentCount":0,"publisher":{"@id":"https:\/\/mysourcefunding.com\/#organization"},"articleSection":["Leadership"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mysourcefunding.com\/?p=20537#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mysourcefunding.com\/?p=20537","url":"https:\/\/mysourcefunding.com\/?p=20537","name":"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI | Brandiary","isPartOf":{"@id":"https:\/\/mysourcefunding.com\/#website"},"datePublished":"2023-11-10T06:27:54+00:00","dateModified":"2023-11-10T06:27:56+00:00","description":"Amidst economic uncertainty and companies enacting belt-tightening measures, including layoffs, business leaders are doubling down on their investments in","breadcrumb":{"@id":"https:\/\/mysourcefunding.com\/?p=20537#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mysourcefunding.com\/?p=20537"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mysourcefunding.com\/?p=20537#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mysourcefunding.com\/"},{"@type":"ListItem","position":2,"name":"Despite Corporate Cost-Cutting, CEOs Are All In On Investing In Generative AI"}]},{"@type":"WebSite","@id":"https:\/\/mysourcefunding.com\/#website","url":"https:\/\/mysourcefunding.com\/","name":"Brandiary","description":"Latest Business and Startup News and Updates","publisher":{"@id":"https:\/\/mysourcefunding.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mysourcefunding.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mysourcefunding.com\/#organization","name":"Brandiary","url":"https:\/\/mysourcefunding.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/","url":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png","contentUrl":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png","width":381,"height":100,"caption":"Brandiary"},"image":{"@id":"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mysourcefunding.com\/#\/schema\/person\/image\/","url":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png","contentUrl":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png","caption":"News Room"},"sameAs":["https:\/\/mysourcefunding.com"],"url":"https:\/\/mysourcefunding.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts\/20537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20537"}],"version-history":[{"count":1,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts\/20537\/revisions"}],"predecessor-version":[{"id":20539,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts\/20537\/revisions\/20539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/media\/20538"}],"wp:attachment":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}