Digital Transformation Report
05/09/2023 09:00
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RNS Number : 4127L Kin and Carta PLC 05 September 2023
5 September 2023
Kin and Carta plc
Digital Transformation Report
Kin and Carta plc ("Kin + Carta" or the "Company"), the global digital
transformation ("DX") consultancy, is pleased to announce the completion of
its inaugural Digital Transformation Report, '2024 Leadership Priorities in
Tech
(https://www.kinandcarta.com/leadership-priorities-in-tech/?utm_medium=press-release&utm_source=news&utm_campaign=2024-leadership-priorities)
'.
Digital transformation has become an essential component of the business
landscape, with technology playing a key role in all major organisations.
However, the digital transformation landscape evolves rapidly and has changed
dramatically over a short period of time. Therefore, Kin + Carta commissioned
this new report to better understand the areas of greatest focus and
investment for its clients, especially during a time of economic uncertainty.
Through the findings, it also aims to help clients understand these challenges
across their own industries.
The research was conducted using a third-party firm and involved over 800
senior business leaders in the US and UK, comprising a mix of C-suite and
other senior decision-makers in £800m+ turnover / $1bn+ revenue organisations
across a range of industries.
Key findings include:
· Nearly all of the business leaders surveyed (94%) admit to anxiety
in relation to adopting new technologies and processes
· 81% of leaders believe investment in digital transformation is
critical to business success or a necessity
· 75% believe investment is required urgently, in the next 12
months
· Despite economic uncertainty, 58% intend to spend more on digital
transformation projects this year than last, with priority areas including;
o improving customer experience;
o AI and machine learning;
o cloud modernisation;
o automation of internal processes;
o data foundations and analytics; and
o cyber security and data privacy
· The top three sources of anxiety are;
o cyber security (cited by 24% of respondents);
o AI and machine learning (19%); and
o sustainability strategy and tracking (17%)
Richard Neish, Global Chief Strategy Officer at Kin + Carta, comments: "As the
speed of data and technology change accelerates, leaders are scrambling to
keep pace. 94% of the 800 executives we surveyed said their senior leaders
were experiencing 'tech anxiety', with the research revealing cyber security,
artificial intelligence, machine learning, and sustainability strategy as the
top causes of concern. The report is further evidence of our commitment to our
clients to help them own their technology and data futures."
- Ends -
Enquiries:
Kin + Carta
+44 (0) 207 928 8844
Kelly Manthey CEO
Chris Kutsor CFO & COO
Powerscourt
+44 (0) 771 324 6126
Elly Williamson / Pete Lambie
About Kin + Carta
Kin + Carta is a London Stock Exchange listed global digital transformation
consultancy committed to working alongside clients to build a world that works
better for everyone.
Kin + Carta's 2,000 consultants, engineers and data scientists around the
world bring the connective power of technology, data and experience to the
world's most influential companies - helping them to accelerate their digital
roadmap, rapidly innovate, modernise their systems, enable their teams and
optimise for continued growth. Headquartered in London and Chicago with
offices across three continents, the borderless model of service allows for
the best minds to be connected to collaborate on client challenges.
With purpose at its core, Kin + Carta became the first company listed on the
London Stock Exchange to achieve B Corp certification. It meets high standards
of verified social and environmental performance, public transparency and
accountability to balance the triple bottom line of people, planet and profit.
For more information, please visit https://www.kinandcarta.com.
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