Irish chief executives are accelerating enterprise-wide transformation and artificial intelligence initiatives while navigating mounting cost pressures and geopolitical uncertainty, according to EY's CEO Outlook survey reported by Business Plus.

Half of Irish organisations are delivering significant transformation programmes, with another 50% planning to launch initiatives within 12 months. Cost reduction leads priorities at 50%, followed by customer engagement improvements at 46% and sustainability acceleration at 44%, the research shows.

Operating costs are expected to rise for 65% of CEOs this year due to wage inflation, energy volatility and regulatory demands. Geopolitical tensions have prompted 46% to halt or delay investments, while 28% accelerated decisions and 40% shifted suppliers to different markets.

Helena O'Dwyer, Partner and Head of Strategy at EY Parthenon Ireland, said: "Irish CEOs are dealing with rising costs, geopolitical uncertainty and increasing regulatory demands, yet they are responding with real urgency. Leaders are pushing ahead with major transformation programmes, from adopting AI to strengthening cyber security and redesigning how their organisations work."

Artificial intelligence has moved from experimentation to core strategy, with 30% reporting results significantly above expectations and 55% somewhat above. Within two years, 98% expect AI to transform business models, particularly through generative AI at 48% and machine learning at 45%. Cybersecurity remains the primary concern for 30% when prioritising AI investments.

Despite cost pressures, 60% plan to maintain or increase hiring in 2026, targeting AI, data, cyber and technology roles. Dealmaking activity shows 98% planning transactions including mergers and acquisitions at 50% and joint ventures at 68%.

The survey polled 1,200 global executives including 40 Irish CEOs during November and December 2025.

Access comprehensive CEO outlook findings and transformation priorities in the complete report.