Tech reality check: business must move beyond the hype on digital technology – CBI

Posted: March 28, 2020 at 5:41 pm

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CBI / Accenture research reveals that technology investment is shifting up a gear. Next on businesses investment horizon are technologies at the cutting edge of innovation: distributed ledger technology (DLT) like blockchain, artificial intelligence (AI), and quantum computing.

All three of these technologies have the potential to transform how we do business. AI in particular already is: the technology has been embedded by 33% of businesses, and is changing the game from sectors like law, where its improving how millions of documents are analysed, to the financial services, where its helping to combat increasingly sophisticated money laundering and fraud threats.

But cutting-edge tech isnt a universal answer. It can be hard to separate the hype from the reality and work out whether you would really benefit from familiar or emerging technologies. Whats more, successful technology adoption doesnt rely on just technology: it also requires factors like involving employees in innovation or understanding technology ethics, which can be a challenge.

Thats why the CBI has created an exclusive member guide, in partnership with Accenture. Based on the latest evidence and engagement with senior business leaders, we reveal where businesses are struggling to get the most out of their tech investments and the practical steps you can take to avoid common pitfalls.

The CBI is helping to drive change so that the UK can lead in emerging tech

To create a thriving ecosystem for key emerging technologies, CBI is calling for a pro-innovation regulatory environment that attracts companies to come to the UK, test new innovations here, and scale for long term success. The government must take a leading role to stimulate research and investment into new technologies like AI, quantum computing, and DLT, with a greater focus on horizon scanning.

The CBIs new practical guide will help your business move beyond the hype and get more from your technology

In partnership with Accenture, the CBIs exclusive member guide,Tech Reality Check, will help you understand:

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Tech reality check: business must move beyond the hype on digital technology - CBI

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March 28th, 2020 at 5:41 pm

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