Almost every business leader (94%) surveyed by global digital transformation consultancy Kin + Carta admits to ‘tech anxiety’, driven by the accelerating pace of technological change in areas such as cyber security, AI and machine learning. Specific areas of concern pinpointed in the 2024 Leadership Priorities in Techreport include the speed of technological change (35%), the internal skills gap (29%) and being able to access the right talent (28%).
Three-quarters (75%) of leaders in £800m+ turnover organisations believe that further investment in digital transformation initiatives is necessary within the next 12 months to combat this anxiety. More than half (58%) plan to spend more in the coming year compared to previous years.
Richard Neish, Global Chief Strategy Officer at Kin + Carta, said: “Overall, it appears that tech anxiety among leadership is primarily triggered by factors and technologies with the potential to significantly disrupt established ways of working. We’ve all seen reports about the huge potential impact of AI, while previously we have seen cloud, mobile and indeed the birth of the world wide web completely alter the way businesses operate.
“There’s no doubt that technology is moving incredibly quickly. But concerns such as data trust and the internal skills gap can be managed, as long as businesses invest in the right areas.” www.kinandcarta.com
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