/cdn.vox-cdn.com/uploads/chorus_asset/file/23962442/acastro_STK067__03.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24247717/lp_logo_3.0.jpg){kind=logo}
/cdn.vox-cdn.com/uploads/chorus_asset/file/24016885/STK093_Google_04.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24808816/Starfield__The_Settled_Systems___Supra_Et_Ultra_____Starfield__The_Settled_Systems___Su)
[ad_1]
Despite the economic crisis, 94% of tech leaders are committed to investing in new tools and technologies, including AI, according to a survey by EY.
The new survey shows that tech leaders see this investment strategy especially for cybersecurity as we weather geopolitical uncertainty and an economic downturn. Twenty-four percent of poll respondents said innovation would help their firms emerge stronger from the current economic situation.
In addition, 78% said remote working has positively impacted their company’s innovation goals, and 81% said their company plans to make an innovation-related acquisition in the next six months.
Look: IBM launches WatsonX, easing AI deployment (TechRepublic)
In a press release about this EY survey, Ken Englund, technology, media and telecommunications leader for EY Americas, said the results suggest resilience to address uncertainties. “As our most recent Technology Pulse poll points out, leaders are searching for the right balance between protecting their operations and driving ongoing innovation and growth.”
Focus on Cyber Security, 5G, AI, Big Data, Metaverse Investments
Ninety percent of tech leaders said their companies are working on generative AI functionality similar to ChatGPT, and 80% of respondents said they would increase investment in various forms of AI over the next year, despite calls by tech giants for the same kind this year. Elon Musk and Yoshua Bengio, as a promoter of artificial neural networks, for restraining the development and deployment of such systems.
Look: Gartner finds ChatGPT interest is driving generative AI investment (TechRepublic)
More than half of tech executives whose companies are experimenting with generative AI said they are doing so for economic savings.
Among technical executives from companies planning to increase technology investment:
- 74% plan to prioritize cyber security.
- 62% will focus on big data or analytics.
- 62% will invest in next generation 5G wireless technologies.
- 58% said their companies plan to invest in generative AI solutions.
- 52% said they plan to prioritize metaverse technologies.
The study also found that 78% of tech executives are more concerned about cyber security threats today than they were a year ago.” Our Pulse poll shows a positive outlook – no lag in innovation for technology companies signal no,” England said. “The momentum and excitement around emerging technologies like generative AI marks a tectonic industry shift, one focused on effectiveness and efficiency.”
The April 2023 poll of 250 US tech leaders was conducted by Atomic Research and commissioned by EY US.
