Posted by & filed under AI/Artificial Intelligence, Digital Transformation, Internet of Things.

 Companies spent the equivalent of around US$15bn extra a week on technology to enable safe and secure home working during COVID-19, reveals the global 2020 Harvey Nash/KPMG CIO Survey. This was one of the biggest surges in technology investment in history – with the world’s IT leaders spending more than their annual budget rise in just three months, as the global crisis hit, and lockdowns began to be enforced.

KPMG survey here: https://home.kpmg/cn/en/home/insights/2020/10/harvey-nash-kpmg-cio-survey-2020-everything-changed-or-did-it.html

Source: KPMG

Date: September 14th, 2021

Link: https://home.kpmg/cn/en/home/news-media/press-releases/2020/09/covid-19-forces-one-of-the-biggest-surges-in-technology-investment-in-history.html

Discussion

  1. “…the top three business aims that their management board is looking for IT/technology to address as: Improving operational efficiency, improving agility and speed to market, and developing new products and services. ” Hasn’t this always been the case? What has the last year accelerated this?
  2. “…the COVID-19 pandemic has increased collaboration between the business and technology teams, and also accelerated digital transformation and adoption of emerging tech such as artificial intelligence, machine learning, IoT and intelligent automation”. Which major in your business school is going to help you most compete in a world where these are the things businesses are focusing on, and the skills they are looking for?

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