Technology to remain among top impacting factor for growth: CEOs

Web123India.com
News story by UNI
17-Jul-2017

The Indian Chief Executive Officers (CEOs) believe that technology will be one of the top-2 factors impacting growth of their organisation in next 3 years. According to the findings of the third annual KPMG CEO Outlook report for India, based on the inputs of over 130 Indian CEOS in navigating an increasingly complex and highly dynamic business ecosystem, Yet, 53 per cent of them are struggling to keep pace with the rate of technological innovation in their sector.

The report said, “Inching towards a data-driven enterprise, Data is fast becoming a catalyst to derive insight-driven value, predict future, and reorganize capabilities to achieve strategic goals, especially during uncertain times.

To this effect, 49 per cent CEOs invested significantly in data analytics tools in last 1 year; 46 per cent are planning a further step up in next 3 years.”On building a cyber secure organization, the report said that last year, cyber security did not appear in the top five priorities for India CEOs, but this year, a whopping 89 percent CEOs believe that cyber risk management is now a key responsibility for them.

CEOs now wish to be more strategic about their spend on cyber, as one in every two CEOs say they need to become smarter in tracking the impact of related investments in cyber on the overall organization.

The report which provides insights of Indian CEOs’ expectations for business growth, the challenges they face and their strategies to chart organisational success over the next 3 years, said that in 2016, CEOs believed it was “Now or Never” to transform their business.

But, this year’s theme is -‘Disrupt and Grow’ as new CEOs rise as positive disruptors, harnessing uncertainty, by challenging their own role to better lead their business to success in a rapidly changing world.

(Source)