How Tech Change Ramps Up Business Pressures

How Tech Change Ramps Up Business Pressures

How Tech Change Ramps Up Business PressuresHow 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.

Record-SetterRecord-Setter

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.

Organizational OverhaulOrganizational Overhaul

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

Wider NetWider Net

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

Back to SchoolBack to School

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.

Compromising Position, Part ICompromising Position, Part I

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

Compromising Position, Part IICompromising Position, Part II

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.

Brain GainBrain Gain

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

Elusive EmployeesElusive Employees

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

Youth MovementYouth Movement

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

Hired GunsHired Guns

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

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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