Regional Insights

Global Technology Executive Survey Industry Insights

View the detailed results of our global survey by country and region. Reach out to your Protiviti contact for more detailed insights or contact us.

Does your company have clearly defined innovation goals?

	North America	Europe	APAC
Yes	78%	79%	79%
No	22%	21%	21%
I don't know	0%	0%	0%

	US	Canada
Yes	81%	69%
No	19%	31%
I don't know	0%	0%

	UK	Germany	Italy	France	Netherlands
Yes	76%	82%	78%	78%	82%
No	24%	18%	22%	22%	18%
I don't know	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Yes	76%	76%	78%	90%	84%	72%	80%
No	24%	24%	22%	10%	16%	28%	20%
I don't know	0%	0%	0%	0%	0%	0%	0%

Which of the below best describes the status of your company's technology innovation strategy?

	North America	Europe	APAC
We have a clear innovation strategy	54%	56%	53%
We are currently developing an innovation strategy	40%	38%	43%
We have no plans to create an innovation strategy	6%	6%	4%

	US	Canada
We have a clear innovation strategy	55%	49%
We are currently developing an innovation strategy	40%	40%
We have no plans to create an innovation strategy	5%	11%

	UK	Germany	Italy	France	Netherlands
We have a clear innovation strategy	58%	58%	56%	58%	50%
We are currently developing an innovation strategy	36%	32%	40%	38%	48%
We have no plans to create an innovation strategy	6%	10%	4%	4%	2%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
We have a clear innovation strategy	42%	58%	56%	48%	58%	54%	58%
We are currently developing an innovation strategy	50%	38%	40%	48%	40%	42%	40%
We have no plans to create an innovation strategy	8%	4%	4%	4%	2%	4%	2%

What percentage of your company's current innovation activity is focused on each of the following areas?

Shown: Mean scores

	North America	Europe	APAC
Optimisation (of current systems, products, processes etc.)	42%	42%	41%
Building Resilience (against disruption)	30%	28%	28%
Growth (new markets, revenue, etc.)	28%	30%	31%
Other	0%	0%	1%

	US	Canada
Optimisation (of current systems, products, processes etc.)	42%	43%
Building Resilience (against disruption)	30%	30%
Growth (new markets, revenue, etc.)	28%	27%
Other	0%	0%

	UK	Germany	Italy	France	Netherlands
Optimisation (of current systems, products, processes etc.)	42%	39%	44%	40%	46%
Building Resilience (against disruption)	29%	30%	26%	28%	26%
Growth (new markets, revenue, etc.)	29%	32%	31%	32%	28%
Other	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Optimisation (of current systems, products, processes etc.)	41%	40%	41%	40%	40%	42%	42%
Building Resilience (against disruption)	31%	23%	29%	30%	30%	26%	26%
Growth (new markets, revenue, etc.)	28%	33%	31%	30%	30%	32%	31%
Other	0%	3%	0%	0%	0%	0%	0%

Does your company have a dedicated lab or think tank that focuses on innovation?

	North America	Europe	APAC
Yes	56%	59%	58%
No	44%	41%	42%
I don't know	0%	0%	0%

	US	Canada
Yes	60%	44%
No	40%	56%
I don't know	0%	0%

	UK	Germany	Italy	France	Netherlands
Yes	53%	66%	62%	64%	54%
No	47%	34%	38%	36%	46%
I don't know	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Yes	56%	46%	58%	78%	62%	50%	64%
No	44%	54%	42%	22%	38%	50%	36%
I don't know	0%	0%	0%	0%	0%	0%	0%

Which of the following best describes your organisation's top three challenges when it comes to innovation?

Shown: Ranked #1

	North America	Europe	APAC
Architectural constraints (including technical debt)	8%	7%	8%
Board/executive buy-in	5%	2%	5%
Culture (collaboration, curiosity, exploration)	6%	10%	6%
Justifying investment in innovation	10%	9%	11%
Lack of diversity of perspective	10%	8%	9%
Lack of governance and infrastructure	9%	10%	11%
Operational challenges (for example, prioritising "business as usual" over innovation)	6%	9%	9%
Organisational structure (teams, processes)	7%	7%	8%
Regulatory and compliance requirements	15%	17%	15%
Security risks	15%	13%	13%
Talent (upskilling, staff retention, resource capacity)	9%	8%	5%

	US	Canada
Architectural constraints (including technical debt)	9%	5%
Board/executive buy-in	5%	6%
Culture (collaboration, curiosity, exploration)	6%	7%
Justifying investment in innovation	10%	11%
Lack of diversity of perspective	11%	9%
Lack of governance and infrastructure	8%	12%
Operational challenges (for example, prioritising "business as usual" over innovation)	5%	7%
Organisational structure (teams, processes)	8%	4%
Regulatory and compliance requirements	15%	15%
Security risks	13%	18%
Talent (upskilling, staff retention, resource capacity)	10%	6%

	UK	Germany	Italy	France	Netherlands
Architectural constraints (including technical debt)	10%	6%	6%	4%	6%
Board/executive buy-in	1%	2%	4%	0%	0%
Culture (collaboration, curiosity, exploration)	7%	11%	16%	10%	12%
Justifying investment in innovation	8%	8%	8%	12%	10%
Lack of diversity of perspective	6%	8%	2%	8%	19%
Lack of governance and infrastructure	9%	13%	6%	15%	6%
Operational challenges (for example, prioritising "business as usual" over innovation)	13%	4%	6%	8%	10%
Organisational structure (teams, processes)	6%	14%	8%	0%	4%
Regulatory and compliance requirements	23%	8%	24%	10%	19%
Security risks	11%	13%	12%	23%	8%
Talent (upskilling, staff retention, resource capacity)	6%	13%	8%	10%	6%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Architectural constraints (including technical debt)	14%	6%	2%	6%	4%	15%	8%
Board/executive buy-in	2%	0%	8%	4%	8%	6%	12%
Culture (collaboration, curiosity, exploration)	2%	11%	4%	8%	6%	4%	6%
Justifying investment in innovation	18%	6%	12%	12%	10%	8%	16%
Lack of diversity of perspective	8%	9%	10%	8%	14%	8%	4%
Lack of governance and infrastructure	20%	8%	14%	6%	12%	6%	8%
Operational challenges (for example, prioritising "business as usual" over innovation)	0%	14%	12%	8%	14%	8%	10%
Organisational structure (teams, processes)	8%	8%	12%	4%	6%	10%	10%
Regulatory and compliance requirements	18%	11%	8%	21%	6%	25%	16%
Security risks	8%	16%	10%	17%	14%	10%	6%
Talent (upskilling, staff retention, resource capacity)	2%	11%	8%	6%	6%	0%	4%

Who is the key person responsible for driving innovation at your company?

	North America	Europe	APAC
Chief Executive Officer or equivalent	5%	4%	3%
Chief Information Officer or equivalent	9%	12%	9%
Chief Innovation/Strategy officer of equivalent	45%	47%	51%
Chief Operations Officer or equivalent	5%	6%	7%
Chief Product Officer or equivalent	5%	3%	3%
Chief Technology Officer or equivalent	31%	28%	27%
Other	0%	0%	0%
There is no-one driving innovation at my company	0%	0%	0%

	US	Canada
Chief Executive Officer or equivalent	6%	4%
Chief Information Officer or equivalent	10%	6%
Chief Innovation/Strategy officer of equivalent	45%	44%
Chief Operations Officer or equivalent	4%	8%
Chief Product Officer or equivalent	4%	7%
Chief Technology Officer or equivalent	31%	31%
Other	0%	0%
There is no-one driving innovation at my company	0%	0%

	UK	Germany	Italy	France	Netherlands
Chief Executive Officer or equivalent	1%	6%	4%	2%	8%
Chief Information Officer or equivalent	17%	6%	10%	12%	12%
Chief Innovation/Strategy officer of equivalent	33%	48%	62%	54%	52%
Chief Operations Officer or equivalent	9%	6%	4%	2%	6%
Chief Product Officer or equivalent	4%	4%	2%	0%	4%
Chief Technology Officer or equivalent	35%	30%	18%	30%	18%
Other	1%	0%	0%	0%	0%
There is no-one driving innovation at my company	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Chief Executive Officer or equivalent	2%	8%	2%	2%	2%	0%	10%
Chief Information Officer or equivalent	14%	4%	16%	10%	8%	6%	12%
Chief Innovation/Strategy officer of equivalent	46%	42%	52%	50%	56%	60%	36%
Chief Operations Officer or equivalent	6%	12%	4%	6%	6%	6%	6%
Chief Product Officer or equivalent	10%	0%	0%	2%	4%	0%	2%
Chief Technology Officer or equivalent	22%	32%	26%	30%	24%	28%	34%
Other	0%	2%	0%	0%	0%	0%	0%
There is no-one driving innovation at my company	0%	0%	0%	0%	0%	0%	0%

Which of the following type(s) of technologies, if any, does your company use?

Shown: "Currently using" responses. Multiple responses permitted.

	North America	Europe	APAC
5G	42%	46%	60%
Artificial intelligence/machine learning	52%	55%	52%
Augmented reality and/or virtual reality	27%	30%	32%
Blockchain	46%	41%	42%
Cloud	76%	72%	74%
Edge computing	49%	48%	42%
Internet of Things	70%	65%	75%
Metaverse	9%	7%	8%
No code/Low code	42%	35%	25%
Quantum computing	24%	24%	16%
Robotics	23%	26%	25%
Web 3	24%	19%	28%

	US	Canada
5G	57%	35%
Artificial intelligence/machine learning	42%	44%
Augmented reality and/or virtual reality	22%	41%
Blockchain	46%	47%
Cloud	77%	74%
Edge computing	51%	45%
Internet of Things	74%	60%
Metaverse	10%	8%
No code/Low code	42%	40%
Quantum computing	25%	22%
Robotics	23%	25%
Web 3	24%	23%

	UK	Germany	Italy	France	Netherlands
5G	63%	58%	60%	50%	34%
Artificial intelligence/machine learning	39%	34%	52%	60%	54%
Augmented reality and/or virtual reality	11%	28%	52%	34%	44%
Blockchain	32%	44%	48%	44%	44%
Cloud	67%	60%	78%	84%	80%
Edge computing	40%	54%	44%	50%	58%
Internet of Things	57%	64%	72%	72%	70%
Metaverse	7%	12%	2%	10%	2%
No code/Low code	33%	46%	20%	34%	42%
Quantum computing	19%	32%	18%	28%	26%
Robotics	32%	26%	26%	28%	8%
Web 3	16%	22%	22%	24%	16%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
5G	64%	30%	50%	58%	56%	52%	54%
Artificial intelligence/machine learning	44%	62%	62%	66%	68%	58%	58%
Augmented reality and/or virtual reality	18%	52%	30%	30%	20%	40%	20%
Blockchain	28%	50%	38%	44%	44%	48%	46%
Cloud	72%	86%	78%	64%	80%	66%	72%
Edge computing	44%	52%	32%	48%	42%	34%	30%
Internet of Things	72%	72%	70%	82%	72%	80%	74%
Metaverse	2%	8%	2%	14%	16%	4%	4%
No code/Low code	14%	22%	30%	22%	28%	34%	22%
Quantum computing	16%	16%	16%	18%	24%	8%	18%
Robotics	22%	24%	28%	26%	24%	26%	26%
Web 3	30%	28%	22%	32%	30%	26%	28%

How concerned are you about the security risks (for example, breaches, data loss, improper controls, poor access management) associated with implementing innovative new technologies?

	North America	Europe	APAC
5 (Very concerned)	38%	39%	53%
4	47%	38%	30%
3 (Moderately concerned)	15%	23%	16%
2	0%	0%	1%
1 (Not at all concerned)	0%	0%	0%

	US	Canada
5 (Very concerned)	35%	44%
4	50%	38%
3 (Moderately concerned)	14%	18%
2	1%	0%
1 (Not at all concerned)	0%	0%

	UK	Germany	Italy	France	Netherlands
5 (Very concerned)	30%	24%	60%	38%	50%
4	43%	52%	16%	48%	30%
3 (Moderately concerned)	27%	24%	24%	14%	20%
2	0%	0%	0%	0%	0%
1 (Not at all concerned)	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
5 (Very concerned)	42%	64%	62%	44%	48%	56%	50%
4	36%	12%	24%	42%	36%	28%	32%
3 (Moderately concerned)	20%	22%	14%	14%	12%	16%	18%
2	2%	0%	0%	0%	4%	0%	0%
1 (Not at all concerned)	0%	2%	0%	0%	0%	0%	0%

Which of the following areas do you consider the MOST important for maintaining an innovative organisation?

	North America	Europe	APAC
Building the right processes and activities	21%	22%	26%
Enabling an agile technology environment	31%	20%	23%
Fostering an innovative culture	36%	40%	33%
Hiring the right talent (different roles and specialisms)	11%	17%	18%
None of the above	1%	1%	0%

	US	Canada
Building the right processes and activities	19%	27%
Enabling an agile technology environment	33%	24%
Fostering an innovative culture	37%	33%
Hiring the right talent (different roles and specialisms)	10%	16%
None of the above	1%	0%

	UK	Germany	Italy	France	Netherlands
Building the right processes and activities	23%	20%	22%	16%	28%
Enabling an agile technology environment	17%	24%	26%	26%	10%
Fostering an innovative culture	44%	48%	26%	42%	36%
Hiring the right talent (different roles and specialisms)	15%	6%	26%	14%	26%
None of the above	1%	2%	0%	2%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Building the right processes and activities	18%	26%	34%	24%	26%	28%	32%
Enabling an agile technology environment	30%	22%	22%	18%	20%	24%	24%
Fostering an innovative culture	46%	30%	28%	32%	30%	30%	20%
Hiring the right talent (different roles and specialisms)	6%	22%	16%	24%	24%	18%	22%
None of the above	0%	0%	0%	2%	0%	0%	2%

What skills-related gaps, if any, impede innovation at your company?

Multiple responses permitted.

	North America	Europe	APAC
Collaboration	20%	17%	18%
Communication and organisation change enablement	24%	24%	24%
Design thinking	38%	37%	34%
Enterprise agility	36%	36%	34%
Lack of training	18%	20%	19%
Leadership	11%	12%	17%
Project management	20%	21%	24%
Solution architecture	37%	38%	36%
Strategic thinking	27%	28%	32%
Technical knowledge	33%	30%	29%
Other	0%	0%	0%
None	1%	2%	1%

	US	Canada
Collaboration	20%	18%
Communication and organisation change enablement	25%	18%
Design thinking	38%	39%
Enterprise agility	34%	39%
Lack of training	19%	17%
Leadership	11%	12%
Project management	19%	24%
Solution architecture	36%	41%
Strategic thinking	28%	22%
Technical knowledge	34%	32%
Other	0%	0%
None	1%	0%

	UK	Germany	Italy	France	Netherlands
Collaboration	18%	12%	24%	12%	20%
Communication and organisation change enablement	29%	24%	16%	28%	16%
Design thinking	43%	36%	44%	30%	26%
Enterprise agility	35%	28%	40%	40%	36%
Lack of training	24%	18%	32%	6%	18%
Leadership	10%	12%	14%	14%	12%
Project management	25%	18%	18%	18%	20%
Solution architecture	45%	36%	34%	44%	26%
Strategic thinking	27%	40%	22%	20%	34%
Technical knowledge	36%	34%	26%	32%	16%
Other	0%	0%	0%	2%	0%
None	3%	2%	4%	2%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Collaboration	14%	12%	24%	16%	16%	28%	22%
Communication and organisation change enablement	22%	30%	30%	20%	26%	14%	16%
Design thinking	38%	32%	24%	38%	32%	40%	42%
Enterprise agility	34%	40%	38%	24%	26%	42%	32%
Lack of training	24%	18%	20%	14%	18%	18%	24%
Leadership	8%	24%	12%	18%	20%	18%	16%
Project management	24%	12%	26%	30%	28%	22%	16%
Solution architecture	36%	28%	34%	46%	46%	28%	38%
Strategic thinking	30%	30%	20%	36%	42%	34%	40%
Technical knowledge	28%	26%	24%	40%	32%	22%	30%
Other	0%	0%	0%	0%	0%	0%	0%
None	0%	4%	0%	0%	4%	0%	2%

Are you using any of the following approaches to help drive innovation at your company?

Shown: "Yes, and it enables our innovation, helping us to deliver the results we would like" responses.

	North America	Europe	APAC
Agile	64%	68%	63%
Design thinking	56%	57%	56%
Hackathons	43%	37%	34%
Journey mapping	54%	49%	53%
Lean start-up method	31%	38%	39%

	US	Canada
Agile	65%	60%
Design thinking	56%	58%
Hackathons	43%	44%
Journey mapping	53%	57%
Lean start-up method	30%	35%

	UK	Germany	Italy	France	Netherlands
Agile	65%	68%	74%	72%	62%
Design thinking	59%	56%	54%	62%	52%
Hackathons	40%	44%	28%	36%	38%
Journey mapping	50%	50%	54%	46%	46%
Lean start-up method	35%	34%	36%	48%	38%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Agile	62%	66%	60%	70%	66%	56%	74%
Design thinking	46%	62%	52%	64%	62%	52%	70%
Hackathons	42%	48%	38%	18%	26%	36%	38%
Journey mapping	44%	56%	56%	58%	46%	60%	36%
Lean start-up method	38%	46%	36%	44%	28%	42%	36%

How well do innovation leaders bridge the gap between technology and business needs at your company?

	North America	Europe	APAC
5 Very well	28%	31%	30%
4 Somewhat well	59%	55%	54%
3 Neutral	13%	13%	16%
2 Somewhat poorly	0%	1%	0%
1 Very poorly	0%	0%	0%

	US	Canada
5 Very well	30%	21%
4 Somewhat well	57%	64%
3 Neutral	13%	15%
2 Somewhat poorly	0%	0%
1 Very poorly	0%	0%

	UK	Germany	Italy	France	Netherlands
5 Very well	29%	40%	22%	38%	30%
4 Somewhat well	58%	50%	60%	50%	52%
3 Neutral	12%	8%	14%	12%	18%
2 Somewhat poorly	1%	2%	4%	0%	0%
1 Very poorly	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
5 Very well	28%	26%	38%	30%	34%	26%	24%
4 Somewhat well	56%	52%	48%	64%	46%	56%	72%
3 Neutral	16%	20%	14%	6%	20%	18%	4%
2 Somewhat poorly	0%	2%	0%	0%	0%	0%	0%
1 Very poorly	0%	0%	0%	0%	0%	0%	0%

When it comes to innovation, how well do your company’s business and technology leaders collaborate in the following areas?

Shown: Top 2 Box scores (aggregate percentage for "Very well" (5) and "Somewhat well" (4) on our 5-point scale).

	North America	Europe	APAC
Educating non-technical board members on the benefits of investing in innovation	58%	57%	62%
Governance, risk and compliance	81%	76%	70%
Innovation culture	64%	67%	69%
Innovation processes	70%	67%	67%
Innovation strategy	81%	78%	83%
Knowledge sharing	80%	74%	83%
Strategic leadership	83%	80%	76%
Talent upskilling and retention	68%	68%	71%
Transformational change	74%	71%	71%

	US	Canada
Educating non-technical board members on the benefits of investing in innovation	56%	64%
Governance, risk and compliance	82%	76%
Innovation culture	64%	66%
Innovation processes	69%	73%
Innovation strategy	81%	79%
Knowledge sharing	80%	80%
Strategic leadership	83%	81%
Talent upskilling and retention	70%	62%
Transformational change	76%	70%

	UK	Germany	Italy	France	Netherlands
Educating non-technical board members on the benefits of investing in innovation	52%	70%	56%	54%	56%
Governance, risk and compliance	77%	78%	68%	66%	90%
Innovation culture	69%	64%	66%	68%	66%
Innovation processes	67%	78%	64%	68%	58%
Innovation strategy	80%	82%	68%	80%	78%
Knowledge sharing	74%	84%	68%	76%	66%
Strategic leadership	83%	76%	80%	84%	72%
Talent upskilling and retention	73%	74%	62%	70%	54%
Transformational change	65%	82%	64%	72%	78%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Educating non-technical board members on the benefits of investing in innovation	58%	60%	72%	58%	66%	56%	64%
Governance, risk and compliance	66%	68%	78%	66%	70%	74%	68%
Innovation culture	66%	68%	64%	74%	76%	66%	70%
Innovation processes	70%	64%	62%	74%	70%	64%	74%
Innovation strategy	80%	88%	84%	80%	82%	82%	78%
Knowledge sharing	76%	82%	82%	94%	80%	86%	80%
Strategic leadership	82%	60%	76%	86%	74%	80%	66%
Talent upskilling and retention	82%	62%	68%	74%	70%	68%	68%
Transformational change	70%	74%	72%	74%	68%	68%	68%

What impact is technical debt having on your ability to innovate?

	North America	Europe	APAC
5 Significant impact	19%	19%	25%
4	50%	51%	44%
3 Moderate Impact	29%	28%	29%
2	1%	2%	1%
1 No impact	1%	0%	1%

	US	Canada
5 Significant impact	23%	7%
4	49%	54%
3 Moderate Impact	26%	38%
2	1%	1%
1 No impact	1%	0%

	UK	Germany	Italy	France	Netherlands
5 Significant impact	17%	16%	20%	24%	20%
4	60%	58%	40%	48%	40%
3 Moderate Impact	23%	26%	36%	26%	36%
2	0%	0%	4%	2%	4%
1 No impact	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
5 Significant impact	24%	28%	30%	18%	28%	24%	26%
4	50%	28%	40%	60%	46%	40%	40%
3 Moderate Impact	26%	38%	30%	20%	24%	36%	34%
2	0%	2%	0%	2%	2%	0%	0%
1 No impact	0%	4%	0%	0%	0%	0%	0%

What percentage of the resources below would you estimate is dedicated to resolving technical debt?

Shown: Mean scores

	North America	Europe	APAC
IT budget ($)	32%	34%	29%
IT effort (human resource)	20%	19%	24%

	US	Canada
IT budget ($)	32%	31%
IT effort (human resource)	19%	23%

	UK	Germany	Italy	France	Netherlands
IT budget ($)	38%	39%	27%	30%	29%
IT effort (human resource)	14%	19%	27%	20%	21%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
IT budget ($)	31%	29%	27%	28%	32%	25%	32%
IT effort (human resource)	17%	38%	21%	23%	21%	23%	25%

What are the top three strategies that your company prioritises when dealing with technical debt?

Shown: Ranked #1

	North America	Europe	APAC
Appointing a technology leader as responsible and accountable for technical debt solutions	10%	7%	10%
Educating teams on technical debt and how to report it	13%	13%	13%
Formulating and following guidelines to managing technical debt	12%	9%	9%
Having a knowledge base to provide information even when specific employees have left the team or business	11%	14%	12%
Having a process in place to track and report technical debt	11%	13%	11%
Incorporating technical debt management into innovation strategies	9%	12%	10%
Revamping software, hardware and systems where technical debt occurs (e.g., refactoring code, etc)	11%	9%	10%
Tracking software, hardware and systems where technical debt occurs	11%	11%	14%
Tracking technical debt in new systems	12%	12%	11%
Other strategies	0%	0%	0%

	US	Canada
Appointing a technology leader as responsible and accountable for technical debt solutions	9%	10%
Educating teams on technical debt and how to report it	13%	14%
Formulating and following guidelines to managing technical debt	10%	15%
Having a knowledge base to provide information even when specific employees have left the team or business	12%	9%
Having a process in place to track and report technical debt	13%	9%
Incorporating technical debt management into innovation strategies	10%	7%
Revamping software, hardware and systems where technical debt occurs (e.g., refactoring code, etc)	12%	7%
Tracking software, hardware and systems where technical debt occurs	11%	11%
Tracking technical debt in new systems	10%	18%
Other strategies	0%	0%

	UK	Germany	Italy	France	Netherlands
Appointing a technology leader as responsible and accountable for technical debt solutions	10%	2%	8%	6%	4%
Educating teams on technical debt and how to report it	13%	14%	16%	14%	8%
Formulating and following guidelines to managing technical debt	8%	6%	10%	10%	12%
Having a knowledge base to provide information even when specific employees have left the team or business	16%	16%	10%	18%	8%
Having a process in place to track and report technical debt	15%	14%	12%	10%	16%
Incorporating technical debt management into innovation strategies	8%	22%	18%	4%	10%
Revamping software, hardware and systems where technical debt occurs (e.g., refactoring code, etc)	5%	16%	4%	18%	8%
Tracking software, hardware and systems where technical debt occurs	10%	6%	14%	4%	20%
Tracking technical debt in new systems	15%	4%	8%	16%	14%
Other strategies	0%	0%	0%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Appointing a technology leader as responsible and accountable for technical debt solutions	8%	12%	12%	8%	10%	12%	12%
Educating teams on technical debt and how to report it	12%	8%	10%	18%	10%	18%	10%
Formulating and following guidelines to managing technical debt	17%	10%	14%	4%	6%	4%	12%
Having a knowledge base to provide information even when specific employees have left the team or business	19%	6%	4%	14%	12%	18%	4%
Having a process in place to track and report technical debt	12%	22%	6%	10%	12%	4%	16%
Incorporating technical debt management into innovation strategies	6%	8%	16%	6%	8%	14%	4%
Revamping software, hardware and systems where technical debt occurs (e.g., refactoring code, etc)	10%	4%	8%	16%	14%	6%	8%
Tracking software, hardware and systems where technical debt occurs	8%	20%	20%	10%	10%	16%	22%
Tracking technical debt in new systems	8%	10%	10%	14%	18%	8%	12%
Other strategies	0%	0%	0%	0%	0%	0%	0%

Which of the following technologies, if any, is your organisation using to help reduce or alleviate technical debt?

Shown: "Currently using" responses. Multiple responses permitted.

	North America	Europe	APAC
5G	48%	49%	47%
Artificial intelligence/machine learning	34%	37%	44%
Augmented reality and/or virtual reality	15%	19%	12%
Blockchain	28%	26%	23%
Cloud	65%	65%	67%
Edge computing	36%	35%	27%
Internet of Things	64%	58%	66%
Low code/no code	18%	18%	16%
Metaverse	4%	4%	3%
Quantum computing	18%	18%	15%
Robotics	12%	12%	18%
Web 3	13%	9%	12%

	US	Canada
5G	53%	33%
Artificial intelligence/machine learning	35%	32%
Augmented reality and/or virtual reality	13%	20%
Blockchain	29%	27%
Cloud	65%	65%
Edge computing	37%	33%
Internet of Things	68%	53%
Low code/no code	18%	19%
Metaverse	5%	3%
Quantum computing	18%	18%
Robotics	12%	11%
Web	14%	8%

	UK	Germany	Italy	France	Netherlands
5G	61%	52%	48%	40%	30%
Artificial intelligence/machine learning	34%	30%	44%	46%	32%
Augmented reality and/or virtual reality	8%	20%	18%	26%	34%
Blockchain	20%	32%	32%	26%	30%
Cloud	64%	56%	60%	74%	72%
Edge computing	31%	40%	26%	44%	36%
Internet of Things	54%	56%	58%	64%	62%
Low code/no code	10%	18%	16%	18%	38%
Metaverse	4%	2%	6%	4%	2%
Quantum computing	11%	26%	14%	30%	20%
Robotics	12%	14%	12%	16%	6%
Web 3	12%	14%	4%	6%	8%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
5G	56%	30%	44%	52%	50%	50%	44%
Artificial intelligence/machine learning	38%	38%	52%	46%	46%	42%	56%
Augmented reality and/or virtual reality	4%	28%	10%	10%	8%	12%	0%
Blockchain	20%	30%	24%	20%	20%	26%	28%
Cloud	64%	80%	66%	58%	74%	60%	60%
Edge computing	30%	28%	30%	24%	28%	20%	24%
Internet of Things	64%	62%	66%	66%	68%	70%	64%
Low code/no code	8%	22%	20%	10%	18%	20%	14%
Metaverse	4%	6%	2%	0%	2%	4%	2%
Quantum computing	18%	16%	12%	18%	18%	8%	14%
Robotics	14%	26%	18%	16%	12%	20%	14%
Web 3	10%	10%	12%	8%	16%	16%	10%

If an economic recession happens, how do you anticipate your technology innovation strategy/investments will change?

	North America	Europe	APAC
We expect to advance our technology innovation strategy/investments	36%	34%	27%
We expect to cut back on our technology innovation strategy/investments	46%	44%	53%
We anticipate no changes to our technology innovation strategy/investments	18%	21%	20%
I don't know	0%	1%	0%

	US	Canada
We expect to advance our technology innovation strategy/investments	37%	30%
We expect to cut back on our technology innovation strategy/investments	46%	48%
We anticipate no changes to our technology innovation strategy/investments	17%	22%
I don't know	0%	0%

	UK	Germany	Italy	France	Netherlands
We expect to advance our technology innovation strategy/investments	42%	38%	26%	38%	18%
We expect to cut back on our technology innovation strategy/investments	32%	42%	62%	42%	56%
We anticipate no changes to our technology innovation strategy/investments	26%	20%	10%	20%	26%
I don't know	0%	0%	2%	0%	0%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
We expect to advance our technology innovation strategy/investments	34%	18%	24%	22%	42%	20%	30%
We expect to cut back on our technology innovation strategy/investments	46%	52%	54%	60%	44%	60%	48%
We anticipate no changes to our technology innovation strategy/investments	20%	28%	22%	18%	14%	20%	22%
I don't know	0%	2%	0%	0%	0%	0%	0%

	North America	Europe	APAC
Sample Size	400 respondents	300 respondents	300 respondents

Industry

	North America	Europe	APAC
Financial Services: (Net)	17%	20%	11%
Financial Services - Asset & Wealth Management	4%	4%	2%
Financial Services - Banking & Capital Markets	4%	5%	3%
Financial Services - Mortgage & Consumer Lending	3%	2%	2%
Financial Services - Payments	3%	3%	1%
Financial Services - Private Equity	1%	4%	1%
Financial Services - Other	-	-	-
Insurance (other than Healthcare Payer)	2%	2%	2%
Technology, Media, Telecommunications: (Net)	13%	13%	20%
Technology (Software/High-Tech/Electronics)	3%	4%	8%
Media and Entertainment	5%	5%	6%
Telecommunications and Data Infrastructure	5%	4%	6%
Consumer Products & Services: (Net)	12%	21%	14%
Consumer Packaged Goods	7%	10%	6%
Retail	5%	11%	8%
Healthcare: (Net)	16%	10%	18%
Healthcare - Integrated Delivery Systems (Provider & Payer)	6%	7%	4%
Healthcare Payer/Insurance	7%	2%	6%
Healthcare Provider/Services	3%	1%	8%
Manufacturing & Distribution: (Net)	11%	20%	16%
Automotive	1%	4%	2%
Biotechnology/Medical Devices	2%	1%	3%
Chemicals and Materials	2%	2%	-
Manufacturing (other than Technology)	1%	4%	4%
Pharmaceuticals and Life Sciences	1%	4%	1%
Transportation and Logistics	3%	3%	2%
Warehousing/Distribution	1%	2%	4%
Energy & Utilities: (Net)	10%	10%	15%
Mining	2%	2%	4%
Oil and Gas	3%	2%	3%
Power and Utilities	3%	2%	5%
Renewables	2%	4%	3%
Public Sector (National Gov. only): (Net)	21%	6%	6%
Government	21%	6%	6%

Size (Revenue in USD)

	North America	Europe	APAC
Less than $25 million	-	-	-
$25 million - $99.99 million	-	-	-
$100 million - $499.99 million	-	-	-
$500 million - $999.99 million	13%	25%	30%
$1 billion - $4.99 billion	31%	29%	18%
$5 billion - $9.99 billion	26%	21%	23%
$10 billion or more	30%	25%	29%

Size (Assets Under Management in USD)

	North America	Europe	APAC
Less than $250 million (0.15)	-	-	-
$250 million - $999.99 million (0.62)	-	-	-
$1 billion - $4.99 billion (3)	-	-	-
$5 billion - $9.99 billion (7.50)	23%	29%	33%
$10 billion - $24.99 billion (17.50)	17%	29%	22%
$25 billion - $49.99 billion (37.50)	21%	17%	26%
$50 billion or more (62.50)	39%	25%	19%

Ownership Type

	North America	Europe	APAC
Publicly held, for profit entity	48%	48%	56%
Privately held, for profit entity - preparing to become publicly held	8%	14%	12%
Privately held, for profit entity - no current plans to become publicly held	20%	32%	26%
Government agency	21%	6%	6%
Non-profit organisation	3%	-	-

Company Headquarters

	North America	Europe	APAC
Australia	-	-	16%
Canada	25%	-	-
China	-	-	17%
France	-	17%	-
Germany	-	17%	-
Hong Kong	-	-	16%
India	-	-	17%
Italy	-	17%	-
Japan	-	-	17%
Netherlands	-	17%	-
Singapore	-	-	17%
United Kingdom	-	32%	-
United States	75%	-	-

Job Title

	North America	Europe	APAC
Chief Information Officer	12%	19%	20%
Chief Information Security Officer	14%	22%	8%
Chief Technology Officer	11%	18%	23%
Director of Information Technology	25%	21%	20%
Senior Vice President of Information Technology	17%	9%	15%
Vice President of Information Technology	21%	11%	14%

	US	Canada
Sample Size	300 respondents	100 respondents

Industry

	US	Canada
Financial Services: (Net)	14%	23%
Financial Services - Asset & Wealth Management	2%	9%
Financial Services - Banking & Capital Markets	3%	6%
Financial Services - Mortgage & Consumer Lending	4%	-
Financial Services - Payments	3%	1%
Financial Services - Private Equity	2%	1%
Financial Services - Other	-	-
Insurance (other than Healthcare Payer)	-	6%
Technology, Media, Telecommunications: (Net)	13%	15%
Technology (Software/High-Tech/Electronics)	4%	3%
Media and Entertainment	4%	6%
Telecommunications and Data Infrastructure	5%	6%
Consumer Products & Services: (Net)	14%	9%
Consumer Packaged Goods	8%	5%
Retail	6%	4%
Healthcare: (Net)	19%	10%
Healthcare - Integrated Delivery Systems (Provider & Payer)	6%	6%
Healthcare Payer/Insurance	9%	1%
Healthcare Provider/Services	4%	3%
Manufacturing & Distribution: (Net)	11%	7%
Automotive	1%	1%
Biotechnology/Medical Devices	2%	-
Chemicals and Materials	2%	3%
Manufacturing (other than Technology)	1%	-
Pharmaceuticals and Life Sciences	1%	-
Transportation and Logistics	3%	2%
Warehousing/Distribution	1%	1%
Energy & Utilities: (Net)	5%	24%
Mining	1%	7%
Oil and Gas	1%	8%
Power and Utilities	2%	4%
Renewables	1%	5%
Public Sector (National Gov. only): (Net)	24%	12%
Government	24%	12%

Size (Revenue in USD)

	US	Canada
Less than $25 million	-	-
$25 million - $99.99 million	-	-
$100 million - $499.99 million	-	-
$500 million - $999.99 million	10%	20%
$1 billion - $4.99 billion	31%	33%
$5 billion - $9.99 billion	27%	24%
$10 billion or more	32%	23%

Size (Assets Under Management in USD)

	US	Canada
Less than $250 million (0.15)	-	-
$250 million - $999.99 million (0.62)	-	-
$1 billion - $4.99 billion (3)	-	-
$5 billion - $9.99 billion (7.50)	27%	12%
$10 billion - $24.99 billion (17.50)	20%	12%
$25 billion - $49.99 billion (37.50)	18%	29%
$50 billion or more (62.50)	35%	47%

Ownership Type

	US	Canada
Publicly held, for profit entity	46%	52%
Privately held, for profit entity - preparing to become publicly held	8%	9%
Privately held, for profit entity - no current plans to become publicly held	18%	25%
Government agency	24%	13%
Non-profit organisation	4%	1%

Company Headquarters

	US	Canada
Canada	-	100%
United States	100%	-

Job Title

	US	Canada
Chief Information Officer	10%	18%
Chief Information Security Officer	14%	18%
Chief Technology Officer	12%	8%
Director of Information Technology	27%	20%
Senior Vice President of Information Technology	16%	17%
Vice President of Information Technology	21%	19%

	UK	Germany	Italy	France	Netherlands
Sample Size	100 respondents	50 respondents	50 respondents	50 respondents	50 respondents

Industry

	UK	Germany	Italy	France	Netherlands
Financial Services: (Net)	27%	12%	16%	24%	12%
Financial Services - Asset & Wealth Management	3%	4%	-	8%	4%
Financial Services - Banking & Capital Markets	6%	8%	6%	2%	4%
Financial Services - Mortgage & Consumer Lending	1%	-	6%	-	2%
Financial Services - Payments	4%	-	2%	6%	-
Financial Services - Private Equity	9%	-	2%	4%	-
Financial Services - Other	-	-	-	-	-
Insurance (other than Healthcare Payer)	4%	-	-	4%	2%
Technology, Media, Telecommunications: (Net)	19%	8%	14%	12%	8%
Technology (Software/High-Tech/Electronics)	3%	4%	4%	6%	4%
Media and Entertainment	12%	2%	4%	2%	-
Telecommunications and Data Infrastructure	4%	2%	6%	4%	4%
Consumer Products & Services: (Net)	19%	22%	16%	20%	30%
Consumer Packaged Goods	11%	8%	6%	18%	8%
Retail	8%	14%	10%	2%	22%
Healthcare: (Net)	4%	10%	16%	6%	18%
Healthcare - Integrated Delivery Systems (Provider & Payer)	3%	2%	10%	4%	18%
Healthcare Payer/Insurance	1%	6%	-	2%	-
Healthcare Provider/Services	-	2%	6%	-	-
Manufacturing & Distribution: (Net)	11%	40%	20%	24%	14%
Automotive	3%	10%	2%	8%	-
Biotechnology/Medical Devices	-	4%	-	2%	-
Chemicals and Materials	2%	4%	4%	-	2%
Manufacturing (other than Technology)	1%	8%	2%	6%	6%
Pharmaceuticals and Life Sciences	4%	2%	4%	6%	2%
Transportation and Logistics	1%	10%	2%	2%	-
Warehousing/Distribution	-	2%	6%	-	4%
Energy & Utilities: (Net)	10%	4%	18%	8%	10%
Mining	3%	-	-	2%	4%
Oil and Gas	1%	-	6%	-	4%
Power and Utilities	2%	-	8%	2%	-
Renewables	4%	4%	4%	4%	2%
Public Sector (National Gov. only): (Net)	10%	4%	-	6%	8%
Government	10%	4%	-	6%	8%

Size (Revenue in USD)

	UK	Germany	Italy	France	Netherlands
Less than $25 million	-	-	-	-	-
$25 million - $99.99 million	-	-	-	-	-
$100 million - $499.99 million	-	-	-	-	-
$500 million - $999.99 million	20%	11%	43%	22%	33%
$1 billion - $4.99 billion	36%	32%	19%	25%	25%
$5 billion - $9.99 billion	17%	30%	29%	13%	22%
$10 billion or more	27%	27%	9%	40%	20%

Size (Assets Under Management in USD)

	UK	Germany	Italy	France	Netherlands
Less than $250 million (0.15)	-	-	-	-	-
$250 million - $999.99 million (0.62)	-	-	-	-	-
$1 billion - $4.99 billion (3)	-	-	-	-	-
$5 billion - $9.99 billion (7.50)	43%	33%	-	10%	40%
$10 billion - $24.99 billion (17.50)	39%	-	50%	20%	-
$25 billion - $49.99 billion (37.50)	9%	17%	25%	40%	-
$50 billion or more (62.50)	9%	50%	25%	30%	60%

Ownership Type

	UK	Germany	Italy	France	Netherlands
Publicly held, for profit entity	50%	50%	48%	54%	34%
Privately held, for profit entity - preparing to become publicly held	8%	14%	28%	8%	18%
Privately held, for profit entity - no current plans to become publicly held	32%	32%	24%	32%	38%
Government agency	10%	4%	-	6%	10%
Non-profit organisation	-	-	-	-	-

Company Headquarters

	UK	Germany	Italy	France	Netherlands
France	-	-	-	100%	-
Germany	-	100%	-	-	-
Italy	-	-	100%	-	-
Netherlands	-	-	-	-	100%
United Kingdom	100%	-	-	-	-

Job Title

	UK	Germany	Italy	France	Netherlands
Chief Information Officer	14%	24%	22%	28%	14%
Chief Information Security Officer	16%	18%	26%	24%	34%
Chief Technology Officer	19%	16%	20%	18%	14%
Director of Information Technology	33%	20%	6%	16%	16%
Senior Vice President of Information Technology	4%	6%	18%	8%	14%
Vice President of Information Technology	14%	16%	8%	6%	8%

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Sample Size	50 respondents	50 respondents	50 respondents	50 respondents	50 respondents	50 respondents	50 respondents

Industry

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Financial Services: (Net)	12%	16%	16%	8%	8%	4%	10%
Financial Services - Asset & Wealth Management	2%	-	6%	2%	-	-	-
Financial Services - Banking & Capital Markets	6%	4%	4%	-	4%	-	2%
Financial Services - Mortgage & Consumer Lending	-	6%	2%	-	4%	2%	2%
Financial Services - Payments	2%	-	2%	2%	-	2%	4%
Financial Services - Private Equity	-	2%	-	2%	-	-	-
Financial Services - Other	-	-	-	-	-	-	-
Insurance (other than Healthcare Payer)	2%	4%	2%	2%	-	-	2%
Technology, Media, Telecommunications: (Net)	22%	14%	28%	16%	26%	14%	14%
Technology (Software/High-Tech/Electronics)	4%	12%	12%	-	14%	4%	8%
Media and Entertainment	10%	2%	12%	8%	-	4%	-
Telecommunications and Data Infrastructure	8%	-	4%	8%	12%	6%	6%
Consumer Products & Services: (Net)	8%	4%	6%	26%	20%	22%	8%
Consumer Packaged Goods	2%	4%	2%	16%	8%	2%	6%
Retail	6%	-	4%	10%	12%	20%	2%
Healthcare: (Net)	6%	22%	22%	14%	20%	24%	22%
Healthcare - Integrated Delivery Systems (Provider & Payer)	6%	8%	2%	4%	-	2%	2%
Healthcare Payer/Insurance	-	6%	4%	2%	12%	12%	6%
Healthcare Provider/Services	-	8%	16%	8%	8%	10%	14%
Manufacturing & Distribution: (Net)	4%	16%	12%	20%	20%	22%	20%
Automotive	-	-	4%	4%	2%	-	-
Biotechnology/Medical Devices	2%	-	2%	6%	-	6%	-
Chemicals and Materials	-	-	-	-	-	-	4%
Manufacturing (other than Technology)	-	8%	2%	6%	10%	-	2%
Pharmaceuticals and Life Sciences	-	-	-	2%	2%	-	-
Transportation and Logistics	2%	6%	-	-	2%	4%	6%
Warehousing/Distribution	-	2%	4%	2%	4%	12%	8%
Energy & Utilities: (Net)	26%	24%	8%	14%	6%	14%	18%
Mining	10%	2%	-	4%	-	8%	6%
Oil and Gas	8%	8%	2%	-	-	2%	8%
Power and Utilities	6%	14%	6%	2%	-	-	2%
Renewables	2%	-	-	8%	6%	4%	2%
Public Sector (National Gov. only): (Net)	22%	4%	8%	2%	-	-	8%
Government	22%	4%	8%	2%	-	-	8%

Size (Revenue in USD)

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Less than $25 million	-	-	-	-	-	-	-
$25 million - $99.99 million	-	-	-	-	-	-	-
$100 million - $499.99 million	-	-	-	-	-	-	-
$500 million - $999.99 million	18%	52%	42%	15%	24%	33%	26%
$1 billion - $4.99 billion	31%	11%	21%	11%	7%	27%	24%
$5 billion - $9.99 billion	33%	21%	19%	36%	15%	13%	33%
$10 billion or more	18%	16%	18%	38%	54%	27%	17%

Size (Assets Under Management in USD)

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Less than $250 million (0.15)	-	-	-	-	-	-	-
$250 million - $999.99 million (0.62)	-	-	-	-	-	-	-
$1 billion - $4.99 billion (3)	-	-	-	-	-	-	-
$5 billion - $9.99 billion (7.50)	60%	50%	14%	33%	-	50%	25%
$10 billion - $24.99 billion (17.50)	-	33%	29%	33%	25%	-	-
$25 billion - $49.99 billion (37.50)	-	17%	43%	-	50%	50%	75%
$50 billion or more (62.50)	40%	-	14%	34%	25%	-	-

Ownership Type

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Publicly held, for profit entity	54%	44%	38%	84%	58%	56%	32%
Privately held, for profit entity - preparing to become publicly held	12%	8%	28%	2%	10%	10%	20%
Privately held, for profit entity - no current plans to become publicly held	12%	44%	26%	12%	30%	34%	40%
Government agency	22%	4%	8%	2%	2%	-	8%
Non-profit organisation	-	-	-	-	-	-	-

Company Headquarters

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Australia	100%	-	-	-	-	-	-
China	-	-	-	-	100%	-	-
Hong Kong	-	-	-	-	-	100%	-
India	-	100%	-	-	-	-	-
Japan	-	-	-	100%	-	-	-
Singapore	-	-	100%	-	-	-	-
UAE	-	-	-	-	-	-	100%

Job Title

	Australia	India	Singapore	Japan	China	Hong Kong	UAE
Chief Information Officer	22%	24%	10%	12%	24%	26%	20%
Chief Information Security Officer	14%	8%	14%	8%	2%	4%	16%
Chief Technology Officer	20%	24%	26%	22%	24%	20%	18%
Director of Information Technology	26%	12%	16%	20%	28%	20%	18%
Senior Vice President of Information Technology	6%	22%	20%	18%	8%	14%	16%
Vice President of Information Technology	12%	10%	14%	20%	14%	16%	12%

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Does your company have clearly defined innovation goals?

Which of the below best describes the status of your company's technology innovation strategy?

What percentage of your company's current innovation activity is focused on each of the following areas?

Does your company have a dedicated lab or think tank that focuses on innovation?

Which of the following best describes your organisation's top three challenges when it comes to innovation?

Who is the key person responsible for driving innovation at your company?

Which of the following type(s) of technologies, if any, does your company use?

How concerned are you about the security risks (for example, breaches, data loss, improper controls, poor access management) associated with implementing innovative new technologies?

Which of the following areas do you consider the MOST important for maintaining an innovative organisation?

What skills-related gaps, if any, impede innovation at your company?

Are you using any of the following approaches to help drive innovation at your company?

How well do innovation leaders bridge the gap between technology and business needs at your company?

When it comes to innovation, how well do your company’s business and technology leaders collaborate in the following areas?

What impact is technical debt having on your ability to innovate?

What percentage of the resources below would you estimate is dedicated to resolving technical debt?

What are the top three strategies that your company prioritises when dealing with technical debt?

Which of the following technologies, if any, is your organisation using to help reduce or alleviate technical debt?

If an economic recession happens, how do you anticipate your technology innovation strategy/investments will change?