According to EY survey of CEOs, continuation of investment in digital and technology capabilities is the main area where companies plan to increase spending. Digital transformation and Innovation is on the rise as CEOs look to compete effectively in their industry and leverage technology to make objective investment decisions, navigate disruption and drive long-term value creation.
As per the survey, regardless of the current global financial outlook, 22% of CEOs are not planning on making changes in respect to investment in digital and technology. While 67% of CEOs are planning on moderately to significantly increase digital and technology spend.
Companies require data driven, consistent and enterprise wide approach to capital allocation that focuses on qualitative and quantitative metrics.
See how Loquat can be part of your digital transformation: https://loquatinc.io/financial-institutions/