PWC SURVEY
'Great Resignation' enters third year as workers embrace AI, upskilling, PwC says
A PwC survey found a higher proportion of workers planning to switch employers in 2024 compared to 2022. Workers are embracing GenAI and prioritizing upskilling amidst workplace uncertainty.
Majority of top-100 companies making disclosures about carbon emissions: PwC India
A PwC India survey indicates that 51% of India's top 100 companies have begun disclosing carbon emissions voluntarily, with 31% revealing their net-zero targets. With new ESG regulations, India's transition to BRSR Core showcases its commitment to sustainability reporting. This shift highlights a growing awareness of sustainability's importance in business strategy. ESG reporting through BRSR enhances transparency, enabling stakeholders to make informed decisions.
GenAI can be a gamechanger for tax compliance: PwC study
At present, there is usually a time gap between the specific regulatory requirements and readiness of an organisation to be able to correctly furnish large amounts of data at the outset. With GenAI, managing complex tax compliances can become easier, the study noted.
Cybersecurity, tech skills key in India Inc's checklist for independent directors: Survey
Domain expertise in digital, tech, cybersecurity, and risk is crucial for non-executive independent directors. The India Board Report 2023-24 highlights the importance of corporate reputation, stakeholder trust, and ESG implementation. Gender diversity in boards is increasing, and independent directors play a vital role in corporate governance.
M&A deals fall 10% to 793, value drops 38%
In 2023, M&A deals in India decreased by 10% and total deal value declined by 38%. However, India's appeal to international investors remained strong, with solid economic fundamentals and an anticipated upswing in 2024.
86% of CEOs believe India's economic growth will improve over the next 12 months: PwC’s Annual Global CEO Survey
As per the study, 70% of CEOs in India express high confidence in their company's potential for revenue growth in the coming three years. Furthermore, an overwhelming 86% of these CEOs believe that the Indian economy will witness improvement in the next 12 months.
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More CEOs fear their companies won't survive 10 years as AI and climate challenges grow, survey says
More executives are feeling better about the global economy, but a growing number don't think their companies will survive the coming decade without a major overhaul due to climate change and technology like artificial intelligence (AI).
CEOs fear for their firms in pre-Davos survey as AI, climate risks rise
Advancements in generative AI were top of the concerns for most survey respondents, with almost 75% predicting it would significantly change their business in the next three years.
93% feel tax sops relevant for ESG: PwC India survey report
The report titled 'Tax transparency in ESG: Insights into Indian businesses and their sustainable practices' is based on a market survey of nearly 250 tax heads, sustainability leaders, CFOs & CXOs of Indian businesses conducted between April and July 2023. It analyses how Indian businesses are weaving tax considerations into their overarching ESG framework and to assess their awareness and perception in this regard.
Majority of businesses committed to achieving net-zero emission target: PwC survey
The report is based on a market survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs and CXOs of Indian businesses, spanning industries such as financial services, technology, media, and telecom (TMT), retail and consumer, engineering and construction, among others.
Majority of businesses committed to achieving net-zero emission target: PwC survey
Approximately 50% of Indian businesses surveyed are committed to achieving the net-zero target, reflecting their desire to address climate change and transition to a low-carbon economy, according to a PwC report. Around 48% of these businesses aim to achieve net-zero emissions by 2030. The report is based on a survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs, and CXOs across various industries. It also highlights the importance of incentivizing Environmental, Social, and Governance (ESG) interventions by the government and the need for transparent tax practices.
Cyber risks biggest threat faced by Indian orgnaisations: PwC survey
According to survey findings, Indian organisations are making bold investments in cybersecurity with more than half of the respondents planning to invest in cybersecurity tools (55%) and AI, machine learning and automation technologies (55%) in the next 1-3 years.
Majority of respondents in India believe AI will help them increase productivity at work: Survey
The survey further showed that 62 per cent of Indian employees believe the skills required to do their jobs will change significantly over the next five years. As many as 69 per cent of them are also aware of how these requirements will change.
AI will help increase work productivity: PwC survey
Nearly 51% of Indian respondents in a PwC survey titled ‘India Workforce Hopes and Fears Survey 2023’ believe that AI will increase their productivity at work compared with about 31% of global respondents, provided their organisations support with upskilling opportunities.
Rise of the chief learning officer: A role that can enable AI readiness of organisations
A chief learning officer focuses on driving the organisational approach towards learning and skills, looking at the strategic generational shift in the workforce today, and helps in rolling out the right programmes to skill people as businesses transform.
90% organisations say gen AI will help add business lines over 12 months: report
According to a report titled PwC's 2024 Digital Trust Insights, newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023, have added to the strategic importance of enhanced cyber investments for organisations.
If the shoe fits: Family, business and how the Liberty Group is working on its succession planning
Succession planning is never easy and greatly compounded when you’re dealing with close to 100 family members and a 69-year- old legacy business, reveal family members of the Liberty Group.
Indian enterprises increase AI adoption, says report
According to a PwC report titled 'Towards a smarter tomorrow: Impact of AI in the post-COVID era' the industrial products and manufacturing sector has seen the maximum adoption of AI/ML (Artificial Intelligence/ Machine Learning) over the last two years.
Indian enterprises increase AI adoption, says report
Indian enterprises have increased AI adoption and industrial products and the manufacturing sector seeing maximum adoption rates following the Covid-19 pandemic, a report said. According to a PwC report titled 'Towards a smarter tomorrow: Impact of AI in the post-COVID era' the industrial products and manufacturing sector has seen the maximum adoption of AI/ML (Artificial Intelligence/ Machine Learning) over the last two years.
Consulting firms see surge in MNCs eyeing India entry
Fuelled by strong domestic consumption, favourable demographics, a thriving tech ecosystem and rapid digitisation, the Indian market is now again attracting international businesses in search of fresh opportunities. Industry watchers say that companies like PF Chang's, Tim Hortons, Byd, Foot Locker, Rimowa, Messika, Shein and Flix have entered India recently or in the process of setting up their offices.
54% of Indian manufacturing companies adopt AI and analytics: PwC
CXOs of organisations in the domestic market, including multinational companies (MNCs), were interviewed to gain insights into the digital transformation trends of the manufacturing sector broadly comprising six segments-- retail and consumer goods, high tech and electronics, chemical and process industries, pharma and MedTech, automotive and transportation, and industrial manufacturing.
Digital transformation high on manufacturing sector's agenda: PwC India survey
CXOs of organisations in the domestic market, including multinational companies (MNCs), were interviewed to gain insights into the digital transformation trends of the manufacturing sector, a PwC India survey said.
Bare necessities | Consumers choosing to save amid rising cost of living: PwC survey
The 2023 PwC Global Consumer Insights Pulse Survey found that 63% of Indian consumers are reining in expenditure on non-essential things, while 74% are worried about their personal financial situation.
57% of India's CEOs remain bullish on country's growth
This is the most pessimistic outlook for global economic growth since PwC began asking the question in the survey 12 years ago, and is a significant shift from the positive outlooks of 2021 and 2022. The survey, conducted between October and November 2022, polled 4,410 CEOs in 105 countries and territories, including 68 from India.
73 pc CEOs globally expect economic growth to decline; most pessimistic outlook in over a decade: PwC survey
This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago. The survey further showed that nearly 40 per cent of CEOs do not believe their organisations would be economically viable in 10 years if they do not transform.
'New fraud' incidents reported by over 95% of Indian companies surveyed by PwC
The abrupt shift to digital in Covid's wake exposed companies to a set of new risks linked to digital security, employee safety and disinformation, PwC's 'Global Economic Crime and Fraud Survey 2022' report said.
45% of Indian firms report cybercrime frauds, rank second after customer frauds: study
Among the organisations that encountered fraud in the last two years, 12% experienced ESG reporting fraud, 9% experienced anti-embargo fraud, and 19% experienced supply chain fraud.
Over 65% of business executives in India foresee an increase in cybersecurity budgets in 2023: PwC survey
About 50% of Indian enterprises believe they have fully mitigated their cybersecurity risk exposure in a number of critical areas, according to PwC Global Digital Trust Insights - India edition.
34% Indian employees say they are very likely to switch to a new employer: PwC India report
Post Covid, while employers have been more focused on building a resilient workforce strategy, employees on their part are driven by opportunities for fulfilment, creativity, innovation and authenticity, apart from financial rewards.
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