KPMG AI Quarterly Pulse Survey
Executive Insights: Year in review
As organizations double down on AI agents, they are pivoting from exploration to building robust, reliable systems. This report analyzes how organizations are tackling deployment complexity, driving enterprise value, and redefining ROI.
How did enterprise AI priorities evolve during 2026?
Grounded in eight consecutive quarters of proprietary research, findings from the KPMG AI Quarterly Pulse Survey reveal a clear shift from experimentation to enterprise discipline. Organizations are moving beyond initial AI agent deployments and are now preparing to scale agentic systems enterprise-wide. As agents became more autonomous and interconnected: cybersecurity, data privacy and quality, transparency, and, most important, trust is paramount. In short, scaling agentic systems hinges not only on ambition, but increasingly on governance, trust, and platform rigor.
How have AI investment and deployment changed in the past year?
If 2025 was considered the "year of the agent," then 2026 marks the emergence of the "agent orchestrator," a period in which AI is fundamentally reshaping how businesses generate value, operate, and grow. In 2025, initial enthusiasm led to large-scale production, with average investment climbing from $114M in Q1 to $130M in Q3. Agent deployment also saw significant growth, more than doubling from 11% in Q1 to 26% in Q4.
What is the most surprising change in corporate attitudes about AI?
Organizations are learning that winning with AI agents is ultimately about people—redefining roles, rebuilding skills, and embedding human-agent collaboration into daily work. Leaders are investing in this shift, with many rethinking hiring, expecting agents to manage projects, while humans manage the agents. The companies pulling ahead are treating AI as a core business strategy, expanding their agent ecosystems, and building the infrastructure to scale confidently and creatively across the enterprise.
What are the key findings from the Q4 2025 Pulse Survey?
1
Fifty-nine percent of enterprises expect to see measurable ROI within 12 months, as organizations institutionalize AI, increase planned spending, and shift their focus from quick wins to platform-level transformation.
2
Agent deployment surged in 2026, with more than 26% of organizations actively using AI agents by Q4—a significant increase from just 11% in Q1. This rapid growth marks a progression to mainstream adoption where teams can scale multi-agent systems with robust controls, improved observability, and reliable data foundations.
3
System complexity has become the primary bottleneck, with multi-agent orchestration, reliability, and traceability now surpassing all other deployment challenges as organizations scale from prototypes to production at scale.
4
As cyber, privacy and data quality risks spike, scaling hinges on trust-first architecture—making hardened security and clean data prerequisites for safe, enterprise-wide agent operations.
5
Talent strategies are catching up with an emphasis on hands‑on agent training and expert shadowing.
6
There has been a sharp rise in board‑level AI expertise signaling a shift to disciplined, enterprise‑grade stewardship.
Dive into our thinking:
AI Q4 2025 Pulse Survey: Key findings
Organizations shift from rapid agent growth to controlled scaling
AI isn’t just an investment, it’s becoming the backbone of enterprise strategy. What the numbers don’t show is the growing divide: while some organizations stall after early deployments, the leaders are scaling fast and pulling ahead. For those treating AI as a true disruptor, this isn’t about catching the next wave; it’s about agents fundamentally changing how value is created and sustained across the enterprise.
Steve Chase
U.S. Vice Chair and Global Head of AI and Digital Innovation
How AI investment shifted in 2025
Looking ahead, how can organizations boost AI value?
Based on the KPMG AI Quarterly Pulse Survey, leaders are taking the following steps:
1
Shifting focus from agent counts to operational metrics like control, reliability, transparency, and security.
2
Investing in data pipelines, observability, and policy enforcement to manage multi-agent complexity and consistent performance.
3
Formalizing human-agent collaboration and updating responsibilities, skills and outcomes for effective monitoring of outcomes-based measurement.
4
Tying AI spending to enterprise value with clear guardrails to minimize risk.
5
Re-accelerating deployment once controls are in place, and shifting ROI focus from quick wins to transformational value at the business process and P&L levels.
Explore previous quarterly AI pulse surveys
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