94% of Tech leaders to put money into AI, 5G & extra


Generative AI is of explicit curiosity to leaders for the advantages of value financial savings, effectivity and effectiveness.

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

Financial perils however, 94% of tech leaders are dedicated to investing in new instruments and applied sciences, together with AI, in response to a survey by EY.

The brand new ballot suggests tech leaders view this funding technique, significantly for cybersecurity, as a option to climate geopolitical uncertainty and the financial downturn. Ninety-four % of respondents to the ballot stated innovation will assist their companies emerge from the present financial scenario stronger.

As well as, 78% of these polled stated distant work positively impacted their firm’s innovation targets, and 81% stated their firm plans to make an innovation-related acquisition within the subsequent six months.

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

Ken Englund, the expertise, media and telecommunications chief for EY Americas, stated within the press launch about this EY survey that the outcomes recommend resiliency within the face of buffeting uncertainties. “As our most up-to-date expertise pulse ballot factors to, leaders are on the lookout for the best stability between safeguarding their operations and driving ongoing innovation and development.”

Give attention to cybersecurity, 5G, AI, massive information, metaverse investments

Ninety % of the tech leaders polled stated their corporations are engaged on generative AI performance much like ChatGPT, and 80% of respondents stated they are going to enhance funding in numerous types of AI within the subsequent 12 months, despite calls this 12 months 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 discovered that ChatGPT curiosity 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 financial financial savings.

Amongst tech executives at corporations planning to extend expertise investments:

  • 74% plan to prioritize cybersecurity.
  • 62% will concentrate on massive information or analytics.
  • 62% will put money into next-generation 5G wi-fi applied sciences.
  • 58% stated their corporations plan to put money into generative AI options.
  • 52% stated they plan to prioritize metaverse applied sciences.

The examine additionally discovered that whereas 78% of tech executives are extra involved in regards to the cybersecurity threats of right this moment in comparison with the cybersecurity threats of 1 12 months in the past, “Our pulse ballot reveals a optimistic outlook — with no indicators of a lag in innovation for expertise corporations,” stated Englund. “The momentum and pleasure round rising applied sciences like generative AI marks a tectonic business shift, one centered on effectiveness and effectivity.”

The April 2023 ballot of 250 U.S. tech leaders was performed by Atomik Analysis and commissioned by EY US.