Executive Leaders Are Unprepared for Emerging Tech

By Dennis McCafferty  |  Posted 11-25-2014 Email

A significant share of CIOs and other C-level executives surveyed said they may not be prepared for today's rapidly developing technology and business changes, according to a recent survey from Deloitte. The accompanying report, "Business Confidence Report 2014: The Gap Between Confidence and Action," reveals that these executives are generally confident that their organizations will outperform competitors. But they're well aware of the potential obstacles ahead, including cyber-risks and a lack of qualified workers. They're also not optimistic about whether their direct reports are capable of stepping up to larger leadership roles. So CIOs and their C-suite colleagues need to invest their time and budgets to address these and other areas. "In order to drive long-term business growth, leaders need to make courageous decisions and invest in areas such as innovation, R&D and talent," says Jim Moffatt, CEO and chairman of Deloitte Consulting. "They must also better detect and anticipate disruptions, quickly decide which ones matter and which ones don't, and effectively prioritize investments. To do that requires confidence—not just in words, but also in actions." An estimated 300 C-suite level executives took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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