From changes to the physical world to sweeping advances in AI like ChatGPT and
DALL-E, organizations are challenged to reimagine the future, while building trust in and through inclusive AI technology.
Meanwhile, new findings from Avanade and McGuire Research¹ confirm that 75% of organizations expect challenging economic conditions and inflationary impacts to limit digital investment in the coming 12-18 months. With more-limited resources, how should you responsibly experiment and innovate to maximize business value and future growth?
1 Avanade and McGuire Research, 2023
The Avanade and McGuire Research study surveyed 800 respondents across Australia, Canada, Brazil, France, Germany, Japan, the United Kingdom, and the United States in March and April 2023. Respondents included primary decision-makers across business (50%) and IT (50%), representing several industries, including industrial manufacturing (12%), financial services (13%), health (13%), life sciences (13%) consumer goods and services (13%), retail (12%), energy and utilities (13%), and government and non-profit (12%).
As hyperconnectivity accelerates in our interconnected world, more innovation and growth will happen outside the organization. New business models and revenue streams will be created across ecosystems by taking advantage of emerging tech to securely share data and innovation resources to cooperate and collaborate with partners and competitors. 37% of leaders have already or are now forming a data cooperative with external partners for growth opportunities.
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