The report combines insights from global CTOs on this latest
era of digital transformation and recommendations for navigating
the shift to an AI-powered enterprise
ZURICH, Sept. 10,
2024 /PRNewswire/ -- In recent years, digital
transformation has become an indispensable priority for the
C-suite, with many CTOs recognizing that digitalization is an
ever-evolving concept; unlike earlier phases that focused on
process automation, a majority of CTOs now see "catalyzing business
growth" as a top benefit. However, according to a major study
published today by global digital engineering company and Smart
Industry leader, Akkodis, CTOs report numerous challenges and
acknowledge that there is still much progress to be made. There are
still many uncertainties surrounding the introduction of AI
technologies and there is also a discrepancy between the CTOs'
concepts and the corporate reality.
"What CTOs Think: Navigating the Path to the AI Enterprise" is a
report that explores how CTOs are approaching this current era of
digitalization and offers recommendations for a successful
transformation to an AI-powered enterprise. The
survey[1], conducted in collaboration with Oxford
Economics, covers 2,000 C-suite leaders, including 509 CTOs, across
nine countries and 18 sectors, including Aerospace, Automotive,
Energy, Life Sciences, and Technology.
Uncertainty and inaction hold back digital
transformation
Despite a clear imperative for CTOs to digitally transform their
organizations, uncertainty paralysis poses a barrier to action.
External challenges rank high, including regulation and compliance,
as well as security risk concerns. Yet, with new tech rapidly
evolving, the number one barrier CTOs cite across industries is
selecting the right technology. AI stands out as a defining feature
of this emerging new digitalization era. Although most CTOs see it
as a game changer for their companies, the technology remains
nascent and 60% of CTOs believe their organization's leadership
lacks sufficient AI skills and knowledge. Skills gaps within the
C-suite may trickle down to impact readiness across the wider
workforce.
CTOs need to collaborate to deliver the AI enterprise
There is a gap between CTOs' ambition and implementation when it
comes to their AI strategies, worsened by broader uncertainties.
While 80% of CTOs are "very confident" in their AI plans compared
to 67% from the rest of the C-suite, there's still work to be done.
Only about half of CTOs say their organizations offer AI usage
guidance, provide a framework for ethical data use, and offer AI
training (56%, 51% and 46%, respectively). To address the
disruption new technologies bring across business models, CTOs must
foster cross-departmental collaboration to secure enterprise-wide
buy-in.
There is an urgent need for digital workforce
strategies
CTOs identify critical digital skill gaps that are expected to
widen as this new wave of digital transformation accelerates. They
expect this will likely to drive up wages for technical staff, with
strong demand for digital skills anticipated over the next five
years. CTOs are bold on upskilling and reskilling existing
employees and expect generative AI to positively impact workforce
strategies across the organization in the coming year. To address
these gaps, there's a need to balance building, buying, and renting
talent, with a focus on upskilling and reskilling existing
employees.
"This research highlights the challenges and opportunities
business leaders face with the new wave of digitalization and
emerging technologies," said Jan
Gupta, President, Akkodis. "The Smart Industry is all
about leveraging digitalization to help us connect everything, use
data to inform sharper decisions, and create new business models
and smarter systems. The CTO plays a crucial role in bringing this
to fruition. Their collaboration across the C-suite is critical to
navigating talent gaps, building AI-ready foundations, and
ultimately transforming the enterprise."
The full report is available here.
Notes to Editor
1. Akkodis' "What CTOs think" is based on the Adecco
Group's Business Leaders research, which investigates the changing
world of work from the executive perspective.
About Akkodis
Akkodis is a global digital engineering company and Smart
Industry leader. We enable clients to advance in their digital
transformation with Consulting, Solutions, Talent, and Academy
services. Headquartered in Switzerland and part of the Adecco Group,
Akkodis is a trusted tech partner to the world's industries. We
co-create and pioneer solutions that help to solve major
challenges, from accelerating the clean energy transition and green
mobility, to improving user and patient centricity. Empowered by a
culture of inclusion and diversity, our 50,000 tech experts across
30 countries combine best-in-class technologies and cross industry
knowledge to drive purposeful innovation for a more sustainable
tomorrow. We are passionate about Engineering a Smarter Future
Together. akkodis.com | LinkedIn | Instagram |
Facebook | Twitter
About the Adecco Group
The Adecco Group is the world's leading talent company. Our
purpose is making the future work for everyone. Through our three
global business units – Adecco, Akkodis and LHH – across 60
countries, we enable sustainable and lifelong employability for
individuals, deliver digital and engineering solutions to power the
Smart Industry transformation and empower organisations to optimise
their workforces. The Adecco Group leads by example and is
committed to an inclusive culture, fostering sustainable
employability, and supporting resilient economies and communities.
The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and
listed on the SIX Swiss Exchange (ADEN). www.adeccogroup.com
Media contacts:
Anne Friedrich
SVP
Global Head of Communications
Akkodis
+4915174633470
anne.friedrich@akkodis.com
Lisa Bushka
VP
Global External Communications
Akkodis
+18604630770
lisa.bushka@adeccogroup.com
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