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Why More CEOs Want to Direct Tech Investments

Jul 13, 2017

Why More CEOs Want to Direct Tech Investments

Why More CEOs Want to Direct Tech InvestmentsWhy More CEOs Want to Direct Tech Investments

Many CEOs view tech disruption as a business opportunity, rather than a burden. Find out how they plan to steer IT spending to maximize competitive advantage.

Mixed ReadingMixed Reading

60% of the CEOs surveyed view tech disruption as more of an opportunity than a threat, but 57% said their company does not have the capabilities and innovative processes to respond to rapid disruption.

Well-RoundedWell-Rounded

43% of the CEOs said they need to understand the technology side of the business in order to be a good CEO.

Top Areas of IT Investment for Next Three YearsTop Areas of IT Investment for Next Three Years

Data analytics: 61%,
Cognitive tech: 58%,
Internet of things (IoT): 55%

Top Strategic Priorities for Next Three YearsTop Strategic Priorities for Next Three Years

Gaining speed to market: 25%,
Digitizing business: 22%,
Becoming more data-driven: 21%,
Building public trust: 21%,
Implementing disruptive tech: 20%

Biggest Barriers to Implementing New TechBiggest Barriers to Implementing New Tech

Complexity of integration: 26%,
Lack of needed skills: 21%,
Lack of long-term strategy: 16%

Cautionary Sentiment: Data IntegrityCautionary Sentiment: Data Integrity

49% of the CEOs surveyed are concerned about the integrity of the data on which they base their decisions.

Cautionary Sentiment: Customer InsightsCautionary Sentiment: Customer Insights

32% said the depth of their company’s customer insights is limited by a lack of quality customer data.

Intellectual CapitalIntellectual Capital

61% of the CEOs surveyed are concerned about integrating cognitive processes and artificial intelligence (AI).

Growth AreaGrowth Area

Three-quarters view investments in cyber-security as an opportunity to innovate and find new revenue streams.

Positive FeelingPositive Feeling

46% of the CEOs surveyed are “highly confident” about their growth prospects over the next three years.

Negative ImpactNegative Impact

69% said a culture of “short-termism” has a negative impact on long-term strategic objectives.

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