Gartner also found that in 2024, sustainability and digital sovereignty will be the top considerations for enterprises when selecting public cloud Gen AI (Gen AI) services.
“By far the most compelling immediate priority for UK CEOs is enhancing existing technology to drive growth and productivity, as well as strengthening data management and cybersecurity,” says Silvia Lindone, UK and Ireland managing partner for strategy and transactions at EY.
“However, this is being done at the expense of achieving sustainability goals, which are now seen as a longer-term priority. The disconnect between short-term financial returns and decarbonization is short-sighted, and business leaders must remain committed to delivering on these targets to progress towards a more sustainable future.”
Strategic partnerships remain crucial to business success
Strategic deals remain high on the agenda for UK CEOs, with 98% telling EY they plan to pursue deal initiatives in the next 12 months. Of these, 42% said it was to access new geographies, 39% to secure supply chains and 36% to acquire technology, new production capacity or innovative start-ups.
Sylvia added: “UK CEOs are using strategic transactions to deliver their short-term priorities, with most looking to divest assets and future-proof their businesses over the next 12 months. It is essential that boards look beyond the short-term efficiency and productivity gains that these transactions will bring, and actively seek funding opportunities to invest in the remaining portfolio whilst remaining focused on the core business.”
******
Check out the latest version Technology Magazine Also, register for our Global Conference Series. Technology and AI Live 2024
******
Technology magazine BizClick brand
