Public sector organizations have a wealth of consumer information, so cyberattacks are a prevalent source of volatility to the industry. According to the survey, 55% of leaders in the field are expecting an increase in cyberthreats by 2025. Diversity, equity and inclusion (DE&I) was the source of volatility ranked lowest among government/public sector leaders.
“The public sector has implemented DE&I initiatives well ahead of other industries,” said Smith. “They have the ability to drive large systemic change to promote diversity and advance equity, which is why I believe these executives don’t view it as a major current challenge since it has been a top priority for many years.”
For more detailed findings or more information about the Crowe Executive Outlook Study, view the report, “The Unlikely New Frontier of Enterprise Growth: Why Innovation Leaders Pull Ahead in Times of Volatility.”
About the Crowe Executive Outlook Study
In partnership with Crowe LLP, Forbes surveyed 1,001 executives from organizations with at least $500 million in annual revenues. Respondents represent companies across eight industry sectors – banking, government, healthcare, insurance, manufacturing, pharma/biotech, private equity, and technology, media and telecommunications. Most respondents, 71%, are C-suite executives, board members, or partners. Three-quarters (75%) of respondents are primary decision-makers.
Crowe LLP is a leading public accounting, consulting and technology firm with offices around the world. Crowe uses its deep industry expertise to provide audit services to public and private entities. The firm and its subsidiaries also help clients make smart decisions that lead to lasting value with its tax, advisory and consulting services. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.