[Canada] 46% of CEOs believe AI will let them achieve goals with fewer employees

New research has revealed that 46 per cent of Canadian CEOs believe AI will let their companies meet growth goals with fewer employees on the payroll, CBC News reports.

EY-Parthenon - a division of the global accounting firm EY - surveyed 50 Canadian business leaders from large companies for its latest Canada CEO Outlook. It found that 46 per cent of the CEOs polled believe many companies will reach their long-term growth targets with "a smaller workforce than they have today."

In the survey report, Shane Dunn - managing partner at EY-Parthenon Canada - said, "As productivity gains begin to materialise, I’m seeing the conversation shift from efficiency to value.

"An overwhelming majority of Canadian CEOs indicate they can measurably demonstrate a return from AI investments, with the primary productivity measure being higher output without additional headcount or capital."

According to EY, the majority of the poll’s participants head publicly traded companies with annual sales over $1 billion US. Nearly a quarter reported annual revenue between $10 billion US and $49.9 billion US. The businesses spanned a wide range of sectors from consumer goods to finance and health care.

The results were reportedly collected in August and September.

Source: CBC News

(Quote via original reporting)

New research has revealed that 46 per cent of Canadian CEOs believe AI will let their companies meet growth goals with fewer employees on the payroll, CBC News reports.

EY-Parthenon - a division of the global accounting firm EY - surveyed 50 Canadian business leaders from large companies for its latest Canada CEO Outlook. It found that 46 per cent of the CEOs polled believe many companies will reach their long-term growth targets with "a smaller workforce than they have today."

In the survey report, Shane Dunn - managing partner at EY-Parthenon Canada - said, "As productivity gains begin to materialise, I’m seeing the conversation shift from efficiency to value.

"An overwhelming majority of Canadian CEOs indicate they can measurably demonstrate a return from AI investments, with the primary productivity measure being higher output without additional headcount or capital."

According to EY, the majority of the poll’s participants head publicly traded companies with annual sales over $1 billion US. Nearly a quarter reported annual revenue between $10 billion US and $49.9 billion US. The businesses spanned a wide range of sectors from consumer goods to finance and health care.

The results were reportedly collected in August and September.

Source: CBC News

(Quote via original reporting)