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Nash Squared: Despite economic turmoil, Global tech spend grows at its third fastest rate in over 15 years, finds world's largest digital leadership survey

LONDON, Nov. 3, 2022 , /PRNewswire=KYODO JBN/--

-But investment slows in emerging tech like AI and Big Data - threatening

innovation  -Fears over cyber warfare jump dramatically as attacks begin to

rise  -Over half of large organisations hit by a cyber attack  -Shortage of

tech talent at all time high as pay demands become unsustainable  -Women in

tech moving in a positive direction, helped by hybrid working    Despite 87% of

digital leaders expecting an economic downturn, global tech spend this year is

set to grow at its third fastest rate in over 15 years, as over half (52%) of

digital leaders expect their technology budget to rise, and only 12% expect

their budget to fall, finds the world's largest and longest running survey of

senior technology decision makers. But the Nash Squared Digital Leadership

Report[ https://www.nashsquared.com/digital-leadership-annual-report ], in

collaboration with CIONET found investment has slowed in emerging tech like AI

and Big Data, threatening opportunities to innovate through global economic

instability. Although investment remains strong in cloud (63% reporting

large-scale usage), companies are cutting back their investment in all the

other technologies (Big Data, AI/ML and RPA) that are key to innovation and to

gaining a competitive advantage.    

Bev White, CEO of Nash Squared said "Economic headwinds are gathering and

indicators are turning negative – but despite or even because of this,

businesses know that investment in technology remains crucial. Both to maximise

the efficiency of what they already have and to become more agile and

responsive in highly unpredictable conditions, technology is the key enabler.

But while technology investment intentions stand at their third highest level

in over 15 years, nevertheless there are signs that some businesses are reining

back on investment in areas like AI and Big Data. The reasons for this are

understandable, but organisations should be careful not to cut back too

deeply."    Full release here[

http://www.nashsquared.com/post/despite-economic-turmoil-global-tech-spend-grows-at-its-third-fastest-rate-in-over-15-years-finds-worlds-largest-digital-leadership-survey

]    

About Nash Squared    

Nash Squared are the leading global provider of talent and technology

solutions. We're equipped with a unique network, that realises the potential

where people and technology meet. For over three decades we've been helping

clients solve broad and complex problems, building and transforming their

technology and digital capability.    www.nashsquared.com [

http://www.nashsquared.com/ ]    

Media Contacts: David Pippett ProServ PR david@proservpr.com +44 (0) 7899

798197

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SOURCE: Nash Squared