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Executive Insights:

As organizations embrace scaled AI deployment, the challenge is doing so with disciplined execution. This Q2 2026 report examines how leaders are managing the economics of running AI at scale, orchestrating agents across workflows, and turning usage into measurable enterprise impact.

Where do organizations stand in their AI journeys?

AI has entered a new phase defined by the shift from scaling adoption to managing execution with greater discipline. Organizations realize that AI is integral to future business viability and growth: deployment is holding steady above 50%, and leaders plan to invest an average of $202 million over the next 12 months.

However, as scale increases a new challenge is emerging: Only 26% of organizations have real-time visibility into the cost of running AI. Disciplined execution is now a core constraint.

What defines the next stage of AI maturity?

The defining shift for organizations is from deploying AI to coordinating its functionality across workflows.

While 53% of organizations are using AI agents, the percentage orchestrating multiple agents across workflows has doubled (9% → 18%). This reflects an accelerating trend away from optimizing individual tasks and toward connecting decisions, data, and processes across the enterprise.

  • Why it matters: It has become clear that AI value is created across workflows, not within them. Organizations that remain siloed will struggle to translate adoption into meaningful enterprise impact.

How can companies track and manage the cost of AI at scale?

As AI usage scales, organizations need a clearer way to track costs, the priorities that are being funded, and the degree to which AI investments are yielding value. The issue is no longer simply whether organizations are investing in AI, but whether they can see, explain, and manage the economics of that usage as it moves across teams and workflows.

Many organizations have put foundational controls in place: 66% use dashboards and 61% require approvals. However, only a quarter have real-time visibility into the cost of running AI. At the same time, 35% of leaders cite gaps in economic literacy, including token and inference pricing, as a barrier. 

This confluence of factors creates a management cost-visibility gap: leaders may know AI is being used, but not always whether costs are increasing and which use cases are generating value.

  • Why it matters: Without granular visibility across the enterprise, organizations can’t link AI usage to value. This creates a blind spot where costs can rise faster than outcomes, requiring leaders to reframe their view of AI from a technology investment to a system of capital allocation.

What ultimately separates high-performing organizations?

High-performing organizations are beginning to separate themselves through how effectively their people use AI. Nearly half of leaders (47%) say employees who use AI effectively already outperform their peers, making AI fluency—the ability to partner with AI to drive outcomes—a key determinant of individual and organizational performance.

Organizations are responding by investing in upskilling and reskilling (65%) and paying a 6–15% salary premium for strong AI talent. At the same time, 55% expect roles to evolve for employees who do not adopt AI capabilities, while 54% say social and interpersonal skills are now more important than purely technical ones.

  • Why it matters: The advantage is no longer access to AI; it is the ability to use it well. Organizations that build workforce fluency and align skills, incentives, and collaboration to measurable outcomes will extract more value from their AI investments.

Source: KPMG US, AI Quarterly Pulse Survey, Q2 2026 (June 2026)

INDUSTRY FOCUS

AI’s next phase: From scale to sustainable operations

Across banking, technology, and asset management and private equity, AI investment and agent deployment are holding steady as organizations shift toward more coordinated, enterprise-wide use. As multiple agents are orchestrated across workflows, the focus is sharpening on cost visibility, governance, and how work actually gets done. As AI adoption continues to scale, discipline and deliberate execution are enabling consistent, measurable value.

In banking, AI scale, speed, and value are defined by governance.

While investment remains steady and adoption accelerates across the banking sector, the ability to scale AI is enabled by governance, data readiness, and the realities of operating in a highly regulated environment. According to the KPMG US Q2 2026 AI Pulse – Banking survey, the institutions pulling ahead are those strengthening foundational capabilities, from improving cost visibility and governance consistency to preparing their workforce to operate AI effectively. As banks increasingly deploy AI agents to support cross-functional decision making, the challenge is shifting from ambition to control. The critical question is whether banks can build the infrastructure, oversight and discipline required to run AI safely and consistently at enterprise scale.
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Asset Managers and Private Equity firms begin to unlock cross-functional value from AI, while scaling remains measured.

While investment continues and firms expand beyond isolated use cases, asset management and private equity firms are taking a more deliberate approach to scaling AI, focused on cross-functional coordination. According to the KPMG US Q2 2026 AI Pulse – Asset Management and Private Equity survey, most firms remain in exploration and pilot stages, with leaders distinguishing themselves by using AI agents to align goals and performance metrics, provide shared insights, and support cross-functional decision-making, indicating early movement toward more integrated ways of working.
At the same time, scaling remains constrained by workforce readiness, governance maturity, and limited cost visibility, with employee adoption declining and resistance tied to skill gaps and workload complexity. The critical question is whether firms can build the alignment, discipline, and operating model needed to translate coordinated use into consistent, enterprise-scale value.
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For technology companies, AI scale is no longer just about deployment — it’s about coordination, control, and value.

While investment and agent adoption remain steady across the broader market, the technology sector is moving into a more advanced phase of execution. Cost visibility, cross-functional alignment, and executive accountability are becoming the true markers of scale. The leaders separating themselves are operationalizing AI as an enterprise-wide capability: using agents to align KPIs across functions, actively monitoring costs, and prioritizing outcomes over activity.

As prior technology cycles inform a more disciplined approach, the critical question is no longer whether companies can deploy AI — it is whether they can run it with discipline at enterprise scale.

Download PDF

Banking

In banking, AI scale, speed, and value are defined by governance.

While investment remains steady and adoption accelerates across the banking sector, the ability to scale AI is enabled by governance, data readiness, and the realities of operating in a highly regulated environment. According to the KPMG US Q2 2026 AI Pulse – Banking survey, the institutions pulling ahead are those strengthening foundational capabilities, from improving cost visibility and governance consistency to preparing their workforce to operate AI effectively. As banks increasingly deploy AI agents to support cross-functional decision making, the challenge is shifting from ambition to control. The critical question is whether banks can build the infrastructure, oversight and discipline required to run AI safely and consistently at enterprise scale.
Download PDF

Asset Management & Private Equity

Asset Managers and Private Equity firms begin to unlock cross-functional value from AI, while scaling remains measured.

While investment continues and firms expand beyond isolated use cases, asset management and private equity firms are taking a more deliberate approach to scaling AI, focused on cross-functional coordination. According to the KPMG US Q2 2026 AI Pulse – Asset Management and Private Equity survey, most firms remain in exploration and pilot stages, with leaders distinguishing themselves by using AI agents to align goals and performance metrics, provide shared insights, and support cross-functional decision-making, indicating early movement toward more integrated ways of working.
At the same time, scaling remains constrained by workforce readiness, governance maturity, and limited cost visibility, with employee adoption declining and resistance tied to skill gaps and workload complexity. The critical question is whether firms can build the alignment, discipline, and operating model needed to translate coordinated use into consistent, enterprise-scale value.
Download PDF

Technology

For technology companies, AI scale is no longer just about deployment — it’s about coordination, control, and value.

While investment and agent adoption remain steady across the broader market, the technology sector is moving into a more advanced phase of execution. Cost visibility, cross-functional alignment, and executive accountability are becoming the true markers of scale. The leaders separating themselves are operationalizing AI as an enterprise-wide capability: using agents to align KPIs across functions, actively monitoring costs, and prioritizing outcomes over activity.

As prior technology cycles inform a more disciplined approach, the critical question is no longer whether companies can deploy AI — it is whether they can run it with discipline at enterprise scale.

Download PDF

AI agents are changing both the economics and the operating model. As organizations move from isolated deployments to coordinated, cross-enterprise use, good governance is what ties scale, performance and value together.

Rahsaan Shears

AI Enterprise Transformation Leader at KPMG LLP

What are the key findings from the Q2 2026 Pulse Survey? 

1

Running AI at scale is a leadership discipline.

AI spend remains strong, with leaders planning to invest a weighted average of $202M over the next 12 months. However, cost visibility isn’t keeping pace: only 26% of organizations have access to real-time cost insights, despite widespread use of dashboards (66%) and approval processes (61%). At the same time, 35% cite AI cost management and economic literacy—including token and inference costs—as a core barrier, and only 36% have implemented direct token or usage controls. AI is becoming a managed system of capital allocation, with cost discipline emerging as leaders balance usage, cost and value in real time.

2

Agent orchestration emerges as the real differentiator.

The next phase of agentic AI is about coordination. While 53% of organizations are deploying AI agents, the share orchestrating multiple agents across workflows has doubled since last quarter (9% → 18%). That shift signals a move from using agents for discrete tasks to connecting them across teams, systems, and workflows, so they can unlock shared KPIs (64%), support joint decision-making (49%), and automate more complex, cross-functional workflows (48%).

3

The real AI edge is in how people use it.

Cost visibility ultimately depends on understanding not just where AI is being used, but how well the workforce is using it to create value. 41% of leaders say they would consider rewarding AI usage through “token-maxing,” but most are focused on other incentives that are directly connected to better outcomes versus more activity. At the same time, employee resistance has quadrupled since last quarter (5% → 20%), driven more by trust and ethical considerations (53%) rather than capability gaps.

Dive into our thinking:

AI Q2 2026 Pulse Survey: Key findings

Strong AI investment, sharpened financial focus

AI adoption remains mixed among employees

AI cost management scales faster than visibility

Looking ahead, how can organizations boost AI value?

The mandate has changed: from scaling AI to disciplined execution. This requires leaders to:

  • Manage AI with financial discipline, continuously aligning cost, usage, and value through real-time tracking of spend and impact.
  • Create orchestrated workflows by connecting agents, data, decisions, and processes across functions.
  • Align incentives to outcomes, not activity, so employees are encouraged to use AI in ways that improve productivity, decision quality, collaboration, and value creation.
  • Develop AI fluency through targeted upskilling so employees understand how to use AI responsibly, effectively, and in context—and can apply it to work that drives measurable value.
  • Build trust into AI adoption by addressing ethical concerns directly, explaining how AI-enabled decisions are made, and creating feedback loops that help employees surface risks early.

The organizations that get this right will not just scale AI, they will scale its impact.

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Steve Chase
Global Head & US Vice Chair – AI & Digital Innovation, KPMG LLP

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