Less than half of CEOs (48 percent) see their organization as a technology leader in their industries. Moreover, less than 10 percent of CEOs globally say they are “extremely satisfied” with their organization’s ability to innovate, and they continue to struggle with how to measure innovation.
The U.S. has been named the most promising market for innovation and technology breakthroughs that have global impact for the second year, with China following, both seen as leading regions of innovation and disruption, according to KPMG’s 2018 Global Technology Innovation Report.
In the enterprise sector, where smart contracts will dictate terms and cloud-tasking using multiple providers is the norm, there will be a need for transparency and an immutable system of record.
Across the globe, more CIOs and CTOs are planning significant IT infrastructure investments, as part of their organization’s digital transformation growth agenda. Worldwide IT spending is projected to total $3.7 trillion in 2018 — that’s an increase of 4.5 percent from 2017, according to the latest forecast by Gartner.
“The vast majority of organizations are still working on IT infrastructure transformation, and over a third (38%) have only just started their journey. Another 44% have are right in the middle of their transformation program, and still have some way to go.”