EY survey: Tech leaders to spend money on AI, 5G, cybersecurity, huge knowledge, metaverse

Generative AI is of specific interest to leaders for the benefits of value financial savings, effectivity and effectiveness.

An AI hand and business person's hand touching a brain.
Picture: peshkova/Adobe Inventory

Economic perils however, ninety four% of tech leaders are dedicated to investing in new instruments and technologies, including AI, in response to a survey by EY.

The brand new ballot suggests tech leaders view this funding strategy, notably for cybersecurity, as a method to climate geopolitical uncertainty and the financial downturn. Ninety-4 % of respondents to the ballot stated innovation will assist their companies emerge from the current financial state of affairs stronger.

In addition, seventy eight% of these polled stated remote work positively impacted their company’s innovation objectives, and 81% stated their firm plans to make an innovation-related acquisition in the next six months.

SEE: IBM launches watsonx, making AI deployment easier (TechRepublic)

Ken Englund, the know-how, media and telecommunications leader for EY Americas, stated within the press release about this EY survey that the results recommend resiliency within the face of buffeting uncertainties. “As our most up-to-date know-how pulse poll factors to, leaders are on the lookout for the fitting stability between safeguarding their operations and driving ongoing innovation and progress.”

Give attention to cybersecurity, 5G, AI, huge knowledge, metaverse investments

Ninety % of the tech leaders polled stated their corporations are engaged on generative AI functionality just like ChatGPT, and eighty% of respondents stated they’ll improve funding in numerous forms of AI within the subsequent yr, regardless of calls this yr by such tech luminaries as Elon Musk and Yoshua Bengio, an originator of synthetic neural networks, for a moratorium on the event and deployment of such methods.

SEE: Gartner found that ChatGPT interest is boosting generative AI investments (TechRepublic)

Greater than half of tech executives whose corporations are experimenting with generative AI stated they’re doing so for economic savings.

Among tech executives at corporations planning to extend know-how investments:

  • 74% plan to prioritize cybersecurity.
  • 62% will give attention to massive knowledge or analytics.
  • sixty two% will spend money on next-era 5G wireless technologies.
  • 58% stated their corporations plan to spend money on generative AI options.
  • 52% stated they plan to prioritize metaverse applied sciences.

The research also discovered that whereas 78% of tech executives are extra involved concerning the cybersecurity threats of at present compared to the cybersecurity threats of one yr in the past, “Our pulse ballot reveals a constructive outlook — with no signs of a lag in innovation for know-how corporations,” stated Englund. “The momentum and pleasure around rising applied sciences like generative AI marks a tectonic business shift, one targeted on effectiveness and efficiency.”

The April 2023 ballot of 250 U.S. tech leaders was carried out by Atomik Research and commissioned by EY US.

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »