Other findings

Of all executives surveyed, 28% were deemed to have reached the advanced stages of implementing a digital skills and talent strategy — a 4% increase over the previous year’s survey. Also:

      • 71% of respondents deemed as digitalization leaders had reached the advanced stages of implementing digital skills and talent strategy, compared with 12% of non-leaders

      • 85% of “leaders” indicated they had created an “advanced innovation culture” versus 24% of non-leaders.

      • Respondents indicated plans to boost their investments in cybersecurity by 28% on average over the next two years; impacting their internal security protocols, and how they engage with third-party technology vendors. Cybersecurity was the top capability the respondents expect from their technology vendors, followed by expectations of the “ability to deliver projects on time and on budget” and “building next-generation technologies into their solutions”.

      • Cybersecurity risks were also cited as the top challenge currently inhibiting the pace of digital transformation at respondents’ organization. Respondents that were tech executives were more inclined to understand the risks of an insecure environment more than other respondents deemed as digitalization leaders.