CEOs are actively addressing top near-terms risks to growth including geopolitics and cyber, as well as longer-term structural changes to the U.S. economy, including a tight labor market and new regulations. This combination of increased near-term risks and long-term structural changes, or compound volatility, underscores their focus on rapidly and responsibly deploying generative AI (GenAI) across their enterprises, according to a new study released today by KPMG LLP, the U.S. audit, tax, and advisory firm.
“Compound volatility raises costs with little margin for error on strategy development and execution,” said Paul Knopp, KPMG U.S. Chair and CEO. “CEOs must anticipate and outpace these risks by pairing long-term investments with a focus on GenAI and the agility it can create for an organization to take advantage of new opportunities and overcome challenges.”