Despite the economic challenges, 94% of technology leaders are committed to investing in new tools and technologies, including AI, according to an EY survey.
The new survey shows that technology leaders see this form of financing, especially in cyber security, as a way to deal with global uncertainty and recession. Ninety-four percent of respondents to the survey said innovation would help their companies break out of the current economy.
Additionally, 78% of respondents said remote work had an impact on their company’s goals, and 81% said their company plans to acquire new products in the next six months.
SEE: IBM introduces watsonx, making AI deployment easier (TechRepublic)
Ken Englund, head of technology, media and telecommunications at EY Americas, said in a press release about the EY survey that the results show resilience in the face of uncertainty. “As our latest technology suggests, leaders are finding the right balance between protecting their jobs and driving innovation and growth.”
Focus on cybersecurity, 5G, AI, big data, investment
Ninety percent of the technology leaders surveyed said their companies are working on an AI development similar to ChatGPT, and 80% of those surveyed said they will increase investment in different types of AI in the next year, even if they call this year with technology analytics. such as Elon Musk and Yoshua Bengio, the founder of artificial neural networks, in order to prevent the development and deployment of such systems.
SEE: Gartner finds that ChatGPT’s interest rates are increasing for AI-enabled businesses (TechRepublic)
More than half of technology executives whose companies are experimenting with AI outsourcing said they are doing so to save money.
Among the technology experts in the industry planning to increase technology investment:
- 74% plan to prioritize online security.
- 62% will focus on big data or analytics.
- 62% will invest in 5G wireless technologies.
- 58% said their companies plan to invest in AI technologies.
- 52% said they want to prioritize metaverse technology.
The survey also found that while 78% of technology executives are more concerned about cybersecurity threats today compared to cybersecurity threats a year ago, “Our latest survey shows a positive outlook — with no signs of a slowdown in tech companies,” said Englund. . “The speed and excitement surrounding emerging technologies like artificial intelligence is indicative of a tectonic shift in the industry, one that is focused on efficiency and effectiveness.”
The April 2023 survey of 250 US technology leaders was conducted by Atomik Research and commissioned by EY US.