A survey of Chief Strategy Officers has identified some of the most important challenges associated with the use of advanced technologies.<\/p>\n
Challenges include a lack of an explicit link between technology strategy and business strategy (42%), a lack of alignment with priority use cases and the way investment in advanced technology creates business value (34%).<\/p>\n
Another key challenge is the lack of vision of how investments in advanced technologies will go beyond local proofs-of-concept (30%).<\/p>\n
Monitor Deloitte’s report finds that 84% of chief strategy officers surveyed agree that advanced technologies such as intelligent automation, predictive analytics, artificial intelligence, machine learning, virtual, augmented and mixed reality will be vital in taking a business to new heights.<\/p>\n
The study found that CSOs believe they can exert the greatest influence on their organizations’ advanced technology strategies in some key areas.<\/p>\n
These include explicitly linking technology and business strategy (84%), estimating and tracking value creation (67%), and defining priority use cases (64%).<\/p>\n