Why More CEOs Want to Direct Tech Investments
Why 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 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-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 Years
Data analytics: 61%,
Cognitive tech: 58%,
Internet of things (IoT): 55%
Top 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 Tech
Complexity of integration: 26%,
Lack of needed skills: 21%,
Lack of long-term strategy: 16%
Cautionary 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 Insights
32% said the depth of their company’s customer insights is limited by a lack of quality customer data.
Intellectual Capital
61% of the CEOs surveyed are concerned about integrating cognitive processes and artificial intelligence (AI).
Growth Area
Three-quarters view investments in cyber-security as an opportunity to innovate and find new revenue streams.
Positive Feeling
46% of the CEOs surveyed are “highly confident” about their growth prospects over the next three years.
Negative Impact
69% said a culture of “short-termism” has a negative impact on long-term strategic objectives.