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CEOs in Gartner survey split over whether economic boom coming in 2021 and 2022

ZDNet

Hundreds of CEOs are expecting the economy to rebound strongly after a tough 2020 that saw significant economic disruption due to the COVID-19 pandemic. Gartner surveyed 465 CEOs and senior business executives in North America, Europe, the Middle East, Africa, Asia and the Pacific region from July to December 2020, gauging their views on economic recovery efforts. According to the survey, 60% expected an economic boom while 40% predicted stagnation in 2021 and 2022. When asked whether companies would return to or exceed 2019 revenue levels this year, 35% of respondents agreed. But many CEOs acknowledged that certain things have changed permanently due to the adjustments that were made during the height of the pandemic.


Read all about IT: CEOs see IT as more important than ever

PCWorld

As IT rises up the list of business priorities, CEOs are more likely to read about new technologies than they are to ask their CIOs for information. That's one of the findings in a new survey by Gartner, in which 31 percent of business leaders questioned put IT among their top three priorities. It's the highest-ever ranking in the survey for IT, which was trumped only by profits and growth, cited by 58 percent. The 388 business leaders questioned -- mostly CEOs, with a smattering of CFOs and COOs -- are twice as likely to want to build up in-house IT capabilities (57 percent) as to outsource it (29 percent), which ought to be good news for CIOs. But when the researchers asked how CEOs learned about the technologies they planned to use, "We saw a shift towards reading, it was less humanistic," said Gartner vice president Mark Raskino.


Gartner: Artificial Intelligence More Important Than Metaverse To Most CEOs

#artificialintelligence

The metaverse might be the latest buzzword for the advertising industry, but as it turns out, most CEOs participating in a Gartner survey ignore the technology. They want to avoid wasting effort on concepts that are many years from offering substantive value to the enterprise. Artificial intelligence (AI) is reported as the most impactful new technology among CEOs for the third year in a row, according to Gartner. Some 63% of CEOs see the metaverse as either not applicable or very unlikely to be a key technology for their business, despite Gartner's February prediction that 25% of people will spend at least one hour per day in the virtual world by 2026. The remainder think it will be a key technology for the development of business.


Metaverse: Momentum is building, but companies are still staying cautious

ZDNet

Few, if any, emerging technologies receive as much hype as the metaverse. Such is the excitement that 40% more companies mentioned'metaverse' in their company filing documents during the first quarter of 2022, according to researcher GlobalData. These pronouncements follow in the wake of Meta founder and CEO Mark Zuckerberg's high-profile commitment to the metaverse. What once seemed like a shiny distraction now defines the company's future, with Zuckerberg committing tens of billions of dollars to build the metaverse. Other tech companies are piling in too, with Microsoft and chips specialist Qualcomm focusing on how they will develop hardware and applications for this space, and how their customers might benefit.


CIOs Tackle Leadership in the Era of Digital Disruption - Smarter With Gartner

#artificialintelligence

How does a California winery founded in 1933 transform a culture rooted in farming to an innovative business capable of seizing digital opportunity? Sanjay Shringarpure, CIO at E&J Gallo Winery, was hired in 2014 to help grow technology from a cost center role and add business value, he told the audience of CIOs on a panel at Gartner CIO Leadership Forum in Phoenix, Arizona. Shringarpure shared that his approach was to create five major platforms to invest in for growth. For the agriculture platform, three interns were tasked with the challenge of determining how to digitalize the time-consuming process of checking whether the grapes were ready to harvest. The result was an innovative app that reduces labor costs while increasing the acreage scheduled for harvest each season in a shorter period of time.