What’s on the mind of US technology and telecommunications CEOs?
No surprise that it’s growth and AI
The technology and telecommunications sectors are at the forefront of innovation, facing both unprecedented opportunities and complex challenges. The KPMG Technology and Telecommunications US CEO Outlook report offers a look into the strategic priorities and perspectives of US leaders shaping this dynamic industry. Discover how technology and telecommunications CEOs are approaching economic confidence, AI integration, workforce transformation, and sustainable growth.
Key Insights
1
Despite global uncertainties, technology and telecommunications CEOs have strong confidence in their companies' and the sector's growth prospects, with many anticipating "robust" earnings growth, signaling a proactive stance on market expansion and M&A opportunities
2
Artificial Intelligence is a top investment priority for many CEOs across all industries, with a significant number planning to allocate a portion of their budgets to AI in the next 12 months. The report reveals that a majority believe agentic AI will have a "transformational" or "significant" impact on their organizations. However, ethical challenges and employee skill gaps are identified as major barriers to successful AI implementation
3
US CEOs identify cybercrime and cyber insecurity as pressing risks, underscoring the critical need for robust cybersecurity strategies in the evolving digital landscape.
4
As AI reshapes the future of work, CEOs are actively investing in AI education and training across their workforce to bridge the gap between existing and desired skills
5
While CEOs prioritize compliance and reporting to meet investor and regulatory expectations, only 25% fully integrate sustainability costs and potential ROI into major capital decisions. The report highlights the ongoing challenge of embedding sustainability into core business strategy
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