It is always pleasant to see some light at the end of the tunnel. The same can now be said about the devastating Covid-19 pandemic that has held the entire world under its firm grip over the past eighteen months or so.
We are seeing a constant uptick in vaccine rollouts and gradual relaxation in various pandemic related restrictions. To get a pulse of the business sector, tech in particular, Gartner recently conducted its 2021 CEO Survey.
The survey was taken by nearly 465 CEOs of various companies from a wide range of sectors. A majority 60% of the respondents see economic recovery to commence from 2021, which is expected to continue till the year 2022 at the very least.
More than half of the respondents have cited growth as their top most priority. This clearly reflects the presence of opportunities that these business leaders are sensing in the near future, as the world economy finds its way back to recovery.
So far as the means to achieve this growth are concerned, most CEOs have cited digital transformation as the most effective course of action. Within digital technologies, Artificial Intelligence (AI) was cited as the most impactful piece of technology.
The respondents were also optimistic about the potential of quantum computing and 5G technologies. Still, they were of the opinion that is could be slightly pre-mature to paint an exact picture of where these technologies exactly fit in.
Cloud computing was also cited as a critical technology to achieve and accelerate digital transformation initiatives. Most CEOs believed the trend of remote work is here to stay, although hybrid work models may become more common in the near future.
The Cloud is likely to remain the top pick when it comes to supporting large remote workforces. Although we can’t say what the future holds, Gartner’s 2021 CEO Survey certainly comes as a bearer of good news amidst this confusion and uncertainty.