CEOs worry about AI progress

Business leaders in Cyprus are increasingly concerned about whether their organisations are adapting quickly enough to AI-driven change. A recent PwC survey shows many executives feel the pace of transformation is too slow.

Despite growing interest, most companies have yet to see significant financial returns from AI. Only a minority reported increased revenue or reduced costs, while many said the impact remains limited. These returns are not limited to Cyprus, but are also seen around the world.

Companies in Cyprus are still building the foundations for wider AI adoption. The challenges include limited investment, difficulty attracting skilled talent and uncertainty about organisational readiness.

Executives expect AI to affect junior roles more than senior positions over the coming years. Leaders emphasise the need for clear strategy, workforce development and stronger alignment between technology and business goals.

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