New research from ChristianSteven Software, conducted by GITNS, reveals that two thirds (65 per cent) of c-suite executives believe that 40 per cent of Fortune 500 companies will no longer exist in ten years time.
A recent survey of more than 500 c-suite executives across Europe and the United States found that 65 per cent believe that 40 per cent of the Fortune 500 will not exist in ten years time.
Additionally, more than half (53 per cent) of those surveyed said that they were concerned about competition from disruptive businesses. However, nine in ten (91 per cent) say that they are hopeful about the future of technology in their businesses.
Christian Ofori-Boateng, CEO of ChristianSteven Software says, ‘Our study allowed us to take a close look at the business and IT concerns that top executives are focused on, allowing us to provide the best BI reporting.
‘We learned that even during these times of political and economic uncertainty and technology, American and European executives are cautiously optimistic. Some fear competition from a new market disruptor or automation but most are hopeful about the role technology will play in their businesses moving forward.’
Additional findings from the ChristianSteven Software BI Report include, half (51 per cent) of executives surveyed rate gaining or retaining clients as their top business priority for 2017.
Six in ten (59 per cent) of executives are not concerned that increased automation will threaten their businesses. Almost nine in ten (88 per cent) of those surveyed are hopeful about the future of technology in their business.