Friday, Aug 12 2022 | Time 16:37 Hrs(IST)
Business Economy

Technology to remain among top impacting factor for growth: CEOs

New Delhi, Jul 17 (UNI) The Indian Chief Executive Officers (CEOs) believe that technology will be one of the top-2 factors impacting growth of their organisation in next 3 years.
According to the findings of the third annual KPMG CEO Outlook report for India, based on the inputs of over 130 Indian CEOS in navigating an increasingly complex and highly dynamic business ecosystem, Yet, 53 per cent of them are struggling to keep pace with the rate of technological innovation in their sector.
The report said, “Inching towards a data-driven enterprise, Data is fast becoming a catalyst to derive insight-driven value, predict future, and reorganize capabilities to achieve strategic goals, especially during uncertain times. To this effect, 49 per cent CEOs invested significantly in data analytics tools in last 1 year; 46 per cent are planning a further step up in next 3 years.”
On building a cyber secure organization, the report said that last year, cyber security did not appear in the top five priorities for India CEOs, but this year, a whopping 89 percent CEOs believe that cyber risk management is now a key responsibility for them.
CEOs now wish to be more strategic about their spend on cyber, as one in every two CEOs say they need to become smarter in tracking the impact of related investments in cyber on the overall organization
The report which provides insights of Indian CEOs’ expectations for business growth, the challenges they face and their strategies to chart organisational success over the next 3 years, said that in 2016, CEOs believed it was “Now or Never” to transform their business.
But, this year’s theme is -‘Disrupt and Grow’ as new CEOs rise as positive disruptors, harnessing uncertainty, by challenging their own role to better lead their business to success in a rapidly changing world.
More UNI ADP SHK 1823
More News

Akasa Air begins flight between Bengaluru-Kochi

12 Aug 2022 | 4:26 PM

Kochi, Aug 12 (UNI) Akasa Air, India’s newest airline, on Friday inaugurated its service in Bangalore-Kochi-Bangalore sector.

see more..

Atomy India to launch oral health hygiene initiative

12 Aug 2022 | 3:58 PM

New Delhi, Aug 12 (UNI) On the occasion of Independence Day, Atomy India will launch an oral health hygiene initiative for the underprivileged children across cities, a statement said on Friday.

see more..

Domestic passenger vehicles sales up

12 Aug 2022 | 3:33 PM

New Delhi, Aug 12 (UNI) The sale of domestic passenger vehicles reached 2,93,865 units in July 2022 this year as against 2,64,442 in the same period last year, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

see more..

Giridhari Homes launches Rs 155 cr new project 'Happiness Hub'

12 Aug 2022 | 2:47 PM

Hyderabad, Aug 12 (UNI) Giridhari Homes on Friday said that it has recently launched a Rs 155 crore new project called 'Happiness Hub' in Kismatpur town in Ranga Reddy district on the outskirts of the city.

see more..
Axis Bank signs MOU with FCI

Axis Bank signs MOU with FCI

12 Aug 2022 | 1:31 PM

Mumbai, Aug 12 (UNI) Axis Bank, India’s third largest private sector bank, has signed an MOU with the Food Corporation of India (FCI) to provide “Ultima Salary package”, a best in class salary account with exclusive benefits and features to all its employees.

see more..