According to the report, CEOs believe that technology will be one of the top two factors impacting growth of their organization in next 3 years. Yet, 53 per cent CEOs are struggling to keep pace with the rate of technological innovation in their sector.
With data fast becoming a catalyst to derive insight-driven value, predict future, 49 per cent CEOs invested significantly in data analytics tools in the last 1 year. On the other hand, 46 per cent are planning a further step up in next 3 years.
Arun Kumar, Chairman and CEO, KPMG in India, said: “In this year findings, Indian CEOs have mentioned that in the face of new challenges and uncertainties, they are now feeling urgency to Disrupt and Grow. Similar to last year, more than half the CEOs expect that organisation to be transformed into a significantly different entity over the next three years. They continue to focus on innovating their products and services, changing internal processes, adopting new technologies and building a resilient organisation. Most CEOs see this disruption as an opportunity, rather than a threat. Majority of the CEOs are upbeat about the growth of the Indian economy. Optimism about India’s growth is higher than that for the global economy. The CEOs are now willing to build partnerships, collaborate with others and merge or acquire to gain relevant competencies which is a welcoming change.”