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Study finds that technical debt and skills shortages threaten to stifle innovation
Technology leaders still have work to do when it comes to balancing their ambitious innovation strategies with organisational priorities and a host of business challenges , according to a new Protiviti survey of more than 1,000 CIOs , CTOs , CISOs and other senior technology executives around the globe .
As technology leaders navigate the hype cycles of emerging technologies – like Web3 and the Metaverse – they are also contending with obstacles such as technical debt , a shortage of talent and skills and a turbulent global economic environment , which is prompting companies to examine their broader innovation strategies along with their spending on new technologies .
While the Protiviti study , entitled , Global Technology Executive Survey : The Innovation Vs . Technical Debt Tug of War , found that most ( 79 %) organisations reported having defined innovation goals , only 54 % of organisations responded that they have a clear innovation strategy in place , raising the possibility that many companies have yet to think through how to align their investments in innovation with broader business objectives .
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