EY survey shows tech leaders are investing in new tools and technologies

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In a survey performed by EY among 250 U.S. IT executives in April 2023, it was revealed that 94% of technology executives are committed to investing in new tools and technologies, with a particular emphasis on artificial intelligence (AI).

The study found that 78% of respondents asked agreed that remote work has a favorable impact on organizational innovation goals. Furthermore, 81% of participants said their organizations want to make purchases linked to innovation in the next six months.

According to the survey, 90% of respondents said their firms are focused on generative AI features similar to ChatGPT. Despite demands from industry luminaries such as Elon Musk and Yoshua Bengio for a ban on such systems, 80% of respondents said they want to boost investment in various types of AI in the coming year.

74% of tech CEOs intend to emphasize cybersecurity, 62% will concentrate on big data or analytics, and 62% intend to invest in next generation 5G wireless technologies. Furthermore, 58% of respondents want to invest in generative AI solutions, while 52% prioritize metaverse technology.

The sources for this piece include an article in TechRepublic.

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