The report illuminates entrepreneurs’ expectations on future investment, hiring plans and artificial intelligence (AI), as well as key concerns and sentiment about their respective industry outlook.
“We believe it is crucial to explore what some of the world’s top entrepreneurs are thinking about and preparing for as we approach the midpoint of a decade that has generated both solid economic growth and technological breakthroughs but also a global pandemic and geopolitical conflicts,” said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management. “While is widely recognised as a leading global wealth manager, it’s often less known that thousands of our clients are entrepreneurs or come from business families, many of which span generations.”
This report captures the collective knowledge of some of the brightest business innovators we have the privilege to work with and highlights their insights on topics from their industry outlook to their business plans over a short-term horizon, and to the end of the decade,
In Europe, 52% of entrepreneurs surveyed were very or somewhat optimistic about the outlook for their industry over the next 12 months, while 59% and 87% said they would expect a typical company in their industry to significantly / slightly increase total investments over 12 months and five years, respectively. Half (50%) said a typical company would be planning to significantly / slightly increase their workforce in 12 months, with that share rising to 58% over five years. When asked what a typical company would be investing in strategic acquisitions, IT spending and/or digital transformation, personnel and AI infrastructure, applications and/or models were the top investment areas over 12 months.
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