Sanjay Sehgal’s Post

EY’s recent CEO Survey highlights the dilemma faced by many company leaders today, including those in the FSO sector: while all of the surveyed CEOs reported making or planning notable investments in AI, many expressed uncertainty over the exact direction the technology will take in the future. The numbers speak for themselves: 62% of surveyed CEOs agreed that their companies must act immediately to avoid strategic disadvantage, while 61% also said that the uncertainties around GenAI make it difficult to plan and implement concrete adoption strategies. While some might take this as a cause for concern, I would consider it as an opportunity to take advantage of. Now, more than ever, financial institutions have much to gain by taking thoughtful, confident, and decisive action regarding innovation — including a clear opportunity to jump ahead of the competition. We know that 2024 will be a year marked by AI: for those willing to step forward, here’s a chance to lead the transformative change, rather than being swept up by its consequences. You can read the full CEO Survey here: https://lnkd.in/eAhPZHNj or connect with my colleagues Vidhya Sekhar David Kadio-Morokro Phil Andriyevsky Alok Bhargava for more insights.

In case you missed it | Last week, KPMG US launched its first AI Quarterly Pulse Survey, revealing how C-suite and business leaders are planning to accelerate their GenAI strategies and create sustainable growth. Swipe for quick insights and click to learn more: https://lnkd.in/e-JQKUYw #GenerativeAI #Technology #KPMGInsights 

Uncover leaders’ plans to speed up GenAI strategies for sustainable growth in the first AI quarterly pulse survey. Swipe for insights, dive into the article for details.

KPMG's recent GenAI pulse survey shows that GenAI remains a top priority for leaders with 97% planning to invest in the technology over the next 12 months. And the majority are planning to measure ROI of AI investment through productive gains. AI is no longer just a corporate buzzword, it's a necessity for long-term organizational growth. I believe embracing an AI-powered future will create a more efficient and creative workforce. Check out the findings below.

As most of you know, Artifical Intelligence capabilities are here and they are here to stay for the foreseeable future. In early 2024, KPMG surveyed 1,800 business leaders across 10 countries, including 100 from Australia. When looking deeper into AI uses across financial reporting and auditing, leadership expectations are also growing – most organisations deem AI as crucial for external audits, and highly value its automation and data analytics capabilities. We explore some of the key insights from our report and look into the perceived benefits and risks facing organisations as they invest in this evolving technology.

Business leaders need to be aware of the trends defining the corporate landscape and how to adjust to modern trends. Business Plus Magazine suggests that there has been a lot of economic uncertainty over the last few years, but leaders are finally starting to see the light at the end of the tunnel. The impact of modern technology on how we run businesses cannot be overstated. AI is becoming a tool that many industries are utilizing for efficiency and accessibility. There has been some hesitance about this technology, but it likely will become a big part of business no matter what. How do you plan to integrate AI into your business? Let me know! #AI #BusinessLeaders #Trends

When you get an interview with The Wall Street Journal, you clearly have something to say. Todd Lohr, our US Technology Consulting Leader at KPMG, had something to say about AI and Digital Innovation and how our clients are tackling the opportunity. Hope you'll check it out! #AI #DigitalInnovation #KPMG #ArtificialIntelligence

🚀 Exploring the Future of GenAI: Key Insights from Deloitte's Report 🌐 We share the latest from Deloitte's "State of Generative AI in the Enterprise. Now decides next" report. The survey explores how actions taken now will guide how #GenAI adoption unfolds and if its benefits are fully realized, with more than 2,800 AI-savvy #business and #technology leaders directly involved in piloting or implementing Gen AI at major organizations across 16 countries and six industries. Key findings include: 1️⃣ Excitement about Gen AI remains high, but current efforts remain most focused on #efficiency, productivity, and cost reduction rather than innovation and growth. 2️⃣ Organizations with self-reported very high expertise in Gen AI tend to feel more positive about it—but also more #pressured and threatened. 3️⃣ Most organizations are still primarily relying on off-the-shelf Gen AI #solutions. 4️⃣ There is broad uncertainty about how to manage #talent, #governance, and #risk when it comes to Gen AI adoption. 5️⃣ Leaders worry that Gen AI will drive greater economic #inequality. To address these concerns, the majority of respondents agree there is a need for more global #regulation and collaboration. 👉 Below a small sample and here the full report: https://lnkd.in/d94h7nsU

Exploring the success blueprint: Only 10% of firms have leveraged Generative AI to unlock substantial value, spotlighting the pivotal role of robust tech infrastructure, adept data management, and visionary leadership in navigating the GenAI revolution. #GenAI #AIstrategy #DigitalTransformation