Family Businesses Embracing AI, Shifting to Professional Management by 2035
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Insights by Echo AI
A global KPMG survey reveals that most family businesses plan to transition to professionally managed organizations by 2035, with AI playing a key role. Currently, nearly half operate on a direct family management model, but only 12% expect to maintain it. AI is actively implemented in 64% of family firms, but governance frameworks lag behind. Cybersecurity incidents are rising, with only a third having comprehensive risk management systems.
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