CTO-Survey results out: Finnish CTOs prepare for digitalisation
According to the annual CTO-Survey, Finnish technology companies are preparing for digitalisation. It is believed that digitalisation will create new business models and ways to accelerate the development of current business. New business is needed, as the survey results reveal a concern for public funding cutbacks and poor predictability of Finnish and EU legislators.
The CTO-survey scanned how prepared and interested companies are in digitalisation; industrial internet and IoT as sub-sections of digitalisation. According to the results, digitalisation is taken seriously, with four out of five(82%) reserving R&D resources for the development of characteristics, products or services to customers that digitalisation enables.
There is also a desire to utilize digitalisation in R&D -operations, for example in collecting and utilizing user-data in the planning of next generation products.
The biggest obstacles to digitalisation seems to be the lack of economic incentives and the lack of knowledge, as well as the immaturity of technologies.
The survey respondents represent the Finnish industry comprehensively: 39% of the respondents were from large corporations, even though there were respondents from companies of all sizes. There were respondents from all technology sectors, with 36% of the respondents from the electronics and ICT industry.
The press release (in Finnish).