More than half of IT and business decision makers in the UK expect a new disruptive technology, product or service to be introduced to their industry within the next two years. Worryingly, the new survey of 2,700 decision makers by Juniper Networks, reveals that 62 per cent of IT decision makers and 46 per cent of business decision makers believe that their organisation is not fully prepared for the inevitable impact of digital disruption.
The report also reveals a clear disconnect between UK business leaders and IT about the growing IT skills gap. Almost a quarter of UK business leaders (24 per cent) believe that their IT workforces currently do not have the skills they will need for their role in the next five years, whereas IT decision makers are less worried, with only 13 per cent seeing this trend.
It’s clear where the blame lies, with nearly nine in 10 of survey respondents (86 per cent of IT decision makers and 77 per cent of business decision makers) stating that their organisation would perform better if their current C-level executives were more ‘tech-savvy’.
“True innovation requires an understanding of the value that technology delivers. UK business leaders don’t need to code software, but leading a company strategy for growth requires a strong relationship between those who set the strategy and the IT teams who execute,” said Colin Evans, director of Centre of Excellence, EMEA at Juniper Networks.
A lack of investment in IT creates a barrier to innovation, preventing UK business from keeping up with the pace of change and staying competitive, says the report. Nearly half of the respondents expect it would take one or more years for their company to develop and support an improved product or service if challenged by a competitor or disruptive technology.