A PwC survey reveals that a majority of Philippine executives believe artificial intelligence (AI) will drive business growth. 75% plan to integrate AI into operations, focusing on automation, consumer insights, and new product development. The survey also highlights the need for workforce development and digital innovation to address challenges posed by technological disruption.
MAJORITY of top Philippine executives believe artificial intelligence will contribute to business growth , according to the PwC 2025 Global CEO Survey.The survey was published on Jan. 20 at the World Economic Forum Annual Meeting in Davos, Switzerland. It polled 4,701 CEOs in 109 countries including the Philippines.It showed 75 percent of Philippine CEO respondents confirmed plans to integrate AI into their business operations, a transformative shift that prioritizes technological innovation.
In addition, local business leaders cited workforce development and digital innovation as critical factors to Filipino businesses, with 28 percent saying they have a shortage of skilled workers and are encountering technological disruption.Nearly 70 percent of the CEOs said their businesses won't remain economically viable beyond the next 10 years if they stay on their current path.
Artificial Intelligence Business Growth Digital Innovation Workforce Development Technology
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Filipino CEOs Embrace AI with High ConfidencePwC's 28th Annual Global CEO Survey reveals that Filipino CEOs are more trusting of Artificial Intelligence (AI) than their global counterparts. 75% trust AI integration into core business processes, signaling a shift towards technology-driven growth strategies. Philippine CEOs plan to systematically integrate AI within three years, focusing on operational efficiency, innovation, and competitive advantage.
Read more »
Philippine Singer Launches Movement to Unite Filipinos Against China in West Philippine Sea DisputeRannie Raymundo, a popular Filipino singer, has joined forces with the Fraternal Order of Philippine Eagles to spearhead a nationwide movement aimed at rallying Filipinos in response to escalating tensions in the West Philippine Sea. The WPS Eagles Movement seeks to foster patriotism, galvanize collective action, and counteract Chinese disinformation campaigns.
Read more »
Philippine Coast Guard Monitors Chinese Vessel in West Philippine SeaThe Philippine Coast Guard (PCG) is closely watching a Chinese Coast Guard (CCG) vessel operating illegally off the Zambales coast in the West Philippine Sea (WPS). The PCG deployed the BRP Gabriela Silang to keep a protective distance from the CCG vessel, preventing its approach to the Philippine coastline. Despite the CCG's radio challenges alleging a violation of maritime collision regulations, the PCG maintains that the core issue is the CCG's illegal presence in Philippine waters.
Read more »
Senator Pushes for Business Permit Streamlining in Philippine LGUsSenator Sherwin Gatchalian is proposing the establishment of Business Permit and Licensing Offices (BPLOs) in all local government units (LGUs) in the Philippines to simplify business transactions and improve access to government services.
Read more »
Globe Business Empowers Philippine Cooperatives with TechnologyGlobe Business is leveraging technology to enhance member engagement, streamline operations, and foster sustainable growth for cooperatives across the Philippines.
Read more »
Business Magnate Manuel V. Pangilinan to Address Philippine Military Academy Alumni AssociationManila, Philippines - Manuel V. Pangilinan, chairman and CEO of the MVP Group of Companies, will be the guest of honor and speaker at the Philippine Military Academy Alumni Association Inc. (PMAAAI) annual general membership meeting on January 25, 2025. Pangilinan's recognition stems from his longstanding commitment to nation-building through the MVP Group's support for education, healthcare, infrastructure, and disaster response.
Read more »