As executives examine where they may invest in the future, Artificial Intelligence (AI), Analytics, and Automation & Digital Solutions continue to rank the highest. Forty-six percent of executives mentioned that their company has invested in AI over the past three years, increasing from 32% in the previous year, and
64% of executives anticipate increasing their investment in AI over the next three years. When asked how they plan to leverage AI technologies, 63% of executives indicated ‘marketing’ as their top choice, but ‘optimizing business processes, analytics, and predictive analytics’ were all selected by over 45% of executives.
For a third year in a row, workforce housing and workforce development have been identified as the top two challenges in retaining a competitive workforce. Thirty percent of executives cite labor/skills shortage as their biggest challenge, and least 25% of executives have taken or are planning to take some measures to address workforce issues. Sixty-eight percent of executives have already or are planning to increase compensation to recruit and retain employees, increasing from 60% in the previous year.
To read more about the survey, read
HERE.