How Tech Change Ramps Up Business Pressures

How Tech Change Ramps Up Business Pressures

Many organizations are under pressure to reinvent themselves in order to avoid falling behind the competition—and on the wrong side of the digital revolution.

86% of IT and business execs anticipate that the pace of tech change will increase rapidly (or at least at an unprecedented rate) in their industry over the next three years.

82% said organizations today are increasingly pressed to reinvent themselves and evolve their business to avoid being disrupted by the outside or by competitors.

88% feel their IT department must broaden its scope to keep up with evolving tech needs.

37% said that there’s a significantly greater need to train the workforce now compared to three years ago, thanks in much part to tech changes.

82% said that, due to the need to handle more data, companies are increasingly exposed to risk.

82% said that a lack of security and ethical controls over data could prevent them from participating in outside digital platforms and broader tech ecosystems—which are critical components of go-to-market strategies.

70% of survey respondents said they are making significantly more investments in artificial intelligence (AI) tech than they did two years ago.

38% of global businesses struggle to find the right talent for open positions.

53% of business leaders said it’s difficult to attract and retain Millennial talent.

43% of the U.S. workforce is expected to be freelance by 2020.