African CEOs Plan To Increase Investment In Technology In 2014

African CEOs Plan To Increase Investment In Technology In 2014

Almost all African CEOs interviewed in a PricewaterhouseCoopers (PwC) research said they plan to increase investment in technology in 2014, making technology one of the top three key strategy pillars for African firms this year, IT News Africa reported.

PwC’s 16th Annual Global CEO Survey reveals that the perception of technology amongst nearly 90 percent of senior executives is that it is an easy enabler of agility and growth because it helps with risk management and skills development and retention.

The Survey features input from global CEOs sourced from well over one thousand interviews in 68 countries, as well as the results of in-depth interviews with 33 CEOs from five continents towards the end of 2012, ahead of 2013.

In its coverage of the Report, CIO East Africa says that aside from interest in the predictive qualities and benefits associated with data analytics, there is also a focus on outsourcing business processes and functions.

It also states that 32 percent of CEOs aim to outsource specific processes in the next twelve months.

The publication quotes Anne Eriksson, regional senior partner for PwC’s East Market region Africa, who elaborates on how technology is being perceived by decision makers.

“CEOs see technology as the tool that enables them to be agile, able to do more and cut stages that would make certain processes longer and time consuming. Technology is helping them leapfrog certain stages,” she said.

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PwC’s website states that the 17th Annual Global Survey is scheduled for release on 21 January 2014.