A majority of CEOs see more value in technology than their workforce and nearly half of them believe that robotics, automation and artificial intelligence will make people largely irrelevant, says a study. According to Korn Ferry Global Study, two-thirds of CEOs are of the view that technology will be their firm’s greatest competitive advantage.
leaders who took part in the study say that tech is becoming so central to their thinking and execution that it occupies 40 per cent to 60 per cent of their priorities on strategic focus, financial investment and C-suite time.
“leaders may be facing what experts call a tangibility bias,” said Jean-Marc laouchez, Global Managing Director, Solutions, Korn Ferry. The research also noted that 40 per cent of respondents said they have experienced shareholder pressure to direct investment toward tangible assets like technology.