The rapid advancement of technology has revolutionized the way businesses operate and interact with stakeholders. Artificial Intelligence (AI), Generation AI (Gen AI), Blockchain, and other emerging technologies have become buzzwords in boardrooms, with executives acknowledging their potential to drive trust and enhance operational efficiency.
However, a recent survey conducted by an independent research firm has shed light on a concerning trend: despite recognizing the importance of investing in emerging technologies, less than half of business executives are actively implementing the necessary actions to create trusted solutions.
This finding raises critical questions about what barriers are hindering progress and how organizations can unlock the full potential of these technologies. We sat down with Dan Priest, Cloud and Digital Lead at PwC, to delve deeper into the survey findings and explore possible strategies for overcoming these challenges.
“The survey revealed a significant gap between executives’ belief in the potential of emerging technologies and their ability to translate this belief into concrete actions,” remarked Dan Priest. “It is crucial for organizations to bridge this gap and leverage emerging technologies effectively to drive innovation and establish trust with stakeholders.”
In our conversation with Dan, he outlined several key findings from the survey, emphasizing the need for executive leadership, cultural transformation, and investment in talent to foster a technology-driven ecosystem. He highlighted the importance of aligning technology investments with long-term business strategies and actively involving stakeholders throughout the process.
As organizations navigate this new era of technology investments, it is evident that embracing emerging technologies requires a holistic approach. By addressing the identified barriers head-on and fostering a culture of innovation, businesses can unleash the transformative power of AI, Gen AI, Blockchain, and other technologies to build trust and thrive in the digital age.
Frequently Asked Questions (FAQ)
1. What are some of the emerging technologies mentioned in the article?
Artificial Intelligence (AI), Generation AI (Gen AI), and Blockchain are among the emerging technologies discussed in the article.
2. What is the key finding of the survey mentioned in the original article?
Less than half of business executives are taking the necessary actions to create trusted solutions using emerging technologies.
3. Who is the Cloud and Digital Lead at PwC mentioned in the article?
Dan Priest is the Cloud and Digital Lead at PwC, who shared key findings from the survey.
4. How can organizations bridge the gap between belief in emerging technologies and implementation?
Organizations can bridge this gap by prioritizing executive leadership, fostering a culture of innovation, investing in talent, aligning technology investments with long-term strategies, and involving stakeholders throughout the process.