CEOs and senior executives are becoming more concerned about growth prospects for their companies and looking toward technology to boost productivity and trim expenses, according to a Gartner survey.
Gartner surveyed 473 CEOs and senior executives to gauge their business technology plans for 2019 and 2020. Growth was cited as a top priority for 53% of CEOs, up 40 percent in 2018. Cost management also moved up the ranks in terms of priorities.
Here's the overview of what CEOs were mentioning as top business priorities.
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A few key data points:
- 23% percent of CEOs see significant impacts to their businesses due to trade wars.
- Another 58% of CEOs are concerned about trade wars.
- 82% of CEOs has a digital business or transformation effort underway.
- 27% of CEOs were looking toward technology as a way to manage and control costs.
- 47% saw technology as a way to boost productivity.
- 18% of CEOs saw talent management as a skill to improve with 17% citing digitization and technology enablement and 15% noting data management.
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