Tech Train | Study reveals familiarity, investment and levels of technology implementation globally
- China and India dominate in all sectors, France and the United Kingdom lag behind
- Artificial Intelligence is the technology most leaders are most familiar with
- India has the greatest desire to increase investment in technology
Mazars publishes a report that reveals the degree of investment, implementation and familiarity of the C-suite with respect to five key technologies in the workplace: Artificial Intelligence (AI), Blockchain, Enterprise Resource Planning (ERP), Internet of Things (IoT ) and Robotic Process Automation (RPA).
October 8th, 2019: Mazars, an international auditing and consulting company, announces the publication of its new report (Tech Train): “Are you missing the tech train? Global investment and implementation in terms of transformative technologies ”. More than 600 C-suite executives based in six countries (China, France, Germany, India, United Kingdom and USA) and working in organizations from different industries, sectors and dimensions share their perception of these innovative technologies, their desires for investment, the barriers that exist to the implementation of technology - and how to overcome them.
CHINA AND INDIA LEAD, FRANCE AND THE UNITED KINGDOM BE BACK
Familiarity: The leaders in China are the most familiar with these five key technologies (79%), followed by those from Germany (71%), India (69%) and the USA (64%). France and UK (53% and 44%, respectively) are further behind in this assessment. AI is the technology with which most respondents feel most familiar.
Tech Train: Levels of familiarity with the five technologies - AI, Blockchain, ERP, IoT, RPA - by country
Tuition & Fees: Respondents in India have the greatest appetite for increasing the budgets devoted to these five technologies. Respondents from France and the United Kingdom are the most reluctant to increase their budgets.
Implementation: China and India are the countries that are most likely to implement at least one of these technologies and share the highest adoption rates for all five technologies. France and the United Kingdom are least likely to have implemented any of the technologies.
Breakdown by sectors
Insurance and manufacturing lead the sectors in which the five technologies have already been implemented. Public sector leaders are those least likely to have implemented any of the five - 50% of respondents working in the public sector responded “nothing is happening” regarding these five technologies.
Benefits and barriers
Cost reductions (27%), changes in the business model (26%) and improvements in quality (24%) are the three main benefits expected from these five technologies.
At the global level, the barriers to the implementation of these technologies most referred to are: obtaining the necessary financial resources (25%), finding the talent and skills that can fully exploit and exploit this technology (23%) and market maturity (22%) - whether this is the right time for an organization to adopt technology or not.
Guillaume Devaux, Partner, Responsible for the Mazars Technology Sector, comments: “Our findings show strong momentum with respect to these five innovative technologies - with China and India taking a leading position. In general, levels of familiarity are high, leaders realize the impact of these technologies and have other projects to increase investment. But there are areas of concern and some sectors and countries that compare poorly with others. ”
Devaux adds, “Leaders who think they are falling behind need to find out what technology is going to create significant competitive advantage in their organization. They should remember that a successful technological transformation requires broad support - from leadership to the majority of the company's team. Leaders can define the vision - but they have to work with others to implement it ”.
About the Technological Rhythm Survey of Mazars
The Mazars 2019 Technology Pace Survey was conducted by YouGov mandated by Mazars to assess familiarity, implementation and investment levels among technology decision makers worldwide. The study explored these trends with respect to five key technologies in the workplace: Artificial Intelligence (AI), Robotic Process Automation (RPA), Internet of Things (IoT), blockchain and Enterprise Resource Planning (ERP).
The online survey was aimed at C-suite executives in China, France, Germany, India, the United Kingdom and the USA. More than 600 responses were obtained. The survey results were analyzed by Mazars.
