Regional 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

Optimization (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

Optimization (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

Optimization (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

Optimization (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 organization'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, prioritizing "business as usual" over innovation)

6%

9%

9%

Organizational 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, prioritizing "business as usual" over innovation)

5%

7%

Organizational 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, prioritizing "business as usual" over innovation)

13%

4%

6%

8%

10%

Organizational 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, prioritizing "business as usual" over innovation)

0%

14% 12% 8% 14% 8% 10%

Organizational 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 organization?

  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 organization 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 organization 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 organization 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 organization 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 prioritizes 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 organization 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 organization 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 organization 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 organization - - - - -

 

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 organization

- - - - - - -

 

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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