KUALA LUMPUR, April 3 (Bernama) -- Young Presidents' Organization Inc (YPO), today announced the results of the March 2018 YPO Global Pulse Survey revealing that chief executives across the world are focused on core business technologies, such as cloud computing, business intelligence (BI) and cybersecurity.
It also said that adoption and investment of emerging technologies such as blockchain, artificial intelligence (AI) and cryptocurrency are likely to be sector-driven, a statement said.
The survey provides insight into their perspectives around the world on topics that influence businesses, leadership and impact with key insight into the understanding, attitudes and investment plans around the world, regarding the 10 disruptive technologies that are attracting attention right now.
According to the survey, cloud computing is a key priority globally with more than two-thirds (68 per cent) of chief executives report that cloud computing is likely to impact their business in the next 12 months, and 62 per cent state that they are likely to invest in cloud-based technologies.
It is followed by Business Intelligence (BI) with 65 per cent from them expect BI to impact their organisations and 56 per cent are likely to invest in business intelligence in the coming 12 months.
Cybersecurity is a disruptive technology they have prioritised, given the scale and severity of recent high-profile consumer data breaches, 53 per cent expect cybersecurity to impact their business and 47 per cent state that they are likely to invest in cybersecurity technology in the coming year.
"YPO members are embracing technology to address regulatory requirements, harness business data for improved efficiency and increased financial performance, and to match consumer demand for new and innovative ways to interact with their businesses," said CEO of YPO, Scott Mordell.
Despite the expected disruption, CEOs also less likely to invest in virtual reality (VR)/Augmented Reality (AR) technologies. It is reported that the VR and AR are widely noted as technologies likely to impact most industries.
However, within architecture and engineering sectors, 83 per cent of business leaders expect VR to impact their business and 64 per cent plan to invest in it over the next 12 months, as compared to only 23 per cent willing to invest in these technologies.
Similarly, artificial intelligence (AI) is perceived as likely to impact businesses, but CEOs are less likely to invest in AI this year as cloud computing, business intelligence, cybersecurity and digital/mobile payment applications, which are commanding more immediate attention and likely candidates for investment in the next 12 months.
In addition, CEOs are least familiar with chatbot technology, followed by blockchain and cryptocurrency among the 10 disruptive technologies surveyed.
Additionally, the Internet of Things (IoT) is cited as a key technology area by business leaders within the telecom, architecture, engineering and technology sectors with 78 per cent of chief executives in telecoms expect IoT to impact their business and 96 per cent expect to make investments in IoT over the next 12 months.
"The findings of the YPO Global Pulse reveal that the short-term business impact and investment strategy associated with a particular technology is largely dependent on the specific industry in which you operate," added Mordell.
The survey is conducted based on the perspectives from 842 YPO members, from 15 different regions of the world and across 28 industry sectors.
YPO is a premier leadership organisation of chief executives in the world. More information about the survey can be visit at www.ypo.org/globalpulse
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