22nd Annual Global CEO Survey – Irish Analysis

Finding growth in an uncertain world

Irish report shows sustainable, organic growth on the agenda

PwC's 22nd annual global CEO Survey shows that Irish leaders are cautiously optimistic, looking to find ways to grow their businesses amidst the atmosphere of uncertainty.

While almost 60% of CEOs believe in Ireland's growth prospects, there is an increase in those who are uncertain about the Irish economy. But when it comes to their own businesses, CEOs are much more optimistic.

They anticipate that the year ahead will be focused on growth by way of things they can control themselves. In light of external uncertainties like Brexit, it is critical that CEOs take charge of their own destiny.

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22nd Annual Global CEO Survey – Irish Analysis

PwC’s 22nd annual global CEO Survey reveals Irish business leaders are seeking to find paths to growth in an uncertain world, and considers how they can achieve success amid disruption.

The key messages for CEOs

Ensure your organisation is fit for growth

CEOs' focus is turning inward, to things they can control in their businesses. They are planning to invest in organic activities within their organisations they believe will propel them to success. That means they must ensure their organisations' combination of processes, tools, workforce and culture are fit to cultivate, deliver and sustain growth.

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54% of Irish CEOs say their organisation's growth will be driven by operational efficiencies.

Close the information gap

As CEOs look inside their businesses for growth opportunities, they are contending with gaps in their organisation's data analytics capabilities. Irish CEOs need to ensure they are extracting the maximum value out of their data to allow them to leverage new technologies in sustainable ways.

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19% of Irish CEOs say the information they receive is adequate.

Prepare for the Artificial Intelligence revolution

To help unlock internal growth potential in their organisations, CEOs are paying close attention to emerging digital technologies such as Artificial Intelligence (AI). Irish CEOs need to understand how AI can be applied in their businesses, and ensure their businesses have the right talent, data and technology to exploit the opportunities that AI presents.

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64% of Irish CEOs believe AI will significantly change the way they do business.

Invest in key skills

The challenge of finding staff with the right skills is at an all-time high. The majority of Irish CEOs see this as the biggest threat to potential business growth. Irish businesses should look inwards and invest in their workforce to make them fit for the future, providing them with the right training and career development support.

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75% of Irish CEOs said that hiring people has become more difficult.

Contact us

Amy Ball

Partner, PwC Ireland (Republic of)

Darren O'Neill

Partner, PwC Ireland (Republic of)

David Lee

Partner, PwC Ireland (Republic of)

Gerard McDonough

Partner, PwC Ireland (Republic of)

Tel: +353 87 224 1517

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