While AI continues to capture headlines, business leaders are focusing on other technologies.
- A recent survey indicates cybersecurity, cloud computing, and IoT take precedence over AI.
- Cybersecurity is deemed crucial, with 83% of leaders prioritising it highly.
- Cloud computing and IoT are viewed as significant investment areas.
- AI, though prominent in the media, is not a top concern for leaders.
Artificial Intelligence (AI) is often heralded in the media as a transformative force for businesses. However, a recent survey reveals a different picture, with business leaders showing more interest in other technologies. Despite notable investments like BlackRock and Microsoft’s $30 billion AI fund, AI is not at the forefront of their concerns. Instead, cybersecurity, cloud computing, and the Internet of Things (IoT) emerge as key areas prioritised by these leaders.
Cybersecurity tops the list of concerns, with 83% of business leaders rating it as ‘very important’ or ‘extremely important’. This focus is driven by the increasing frequency and sophistication of cyberattacks, data breaches, and hacking techniques. Leaders view investments in cybersecurity not as optional, but as essential protective measures—akin to an insurance policy—to safeguard their digital infrastructure and ensure business continuity.
Cloud computing also receives considerable attention as it offers scalability, flexibility, and cost-efficiency, which are critical for modern enterprises. Businesses recognise the transformative potential of cloud technologies in enhancing operational efficiency and facilitating innovation.
The Internet of Things (IoT) is another area where businesses see substantial opportunity. The integration of IoT devices can drive significant improvements in operational performance and customer engagement, making it a compelling focal point for investment.
In contrast, AI, despite its media prominence and potential benefits, is not a primary concern for business leaders according to the survey’s findings. Many executives are adopting a cautious approach, acknowledging AI’s potential while awaiting more substantial, proven case studies of its business impact.
The survey highlights a strategic focus on cybersecurity, cloud computing, and IoT over AI among business leaders.
