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44% of CIOs indicated their organization is decreasing investments in emerging tech

Source: https://etr.plus/articles/summer-2020-ets-prelim-highlevel

ETR launched its bi-annual Emerging Technology Study two weeks ago to gauge CIO sentiment levels across the private enterprise technology landscape. To date, ~800 CIOs have provided planned evaluations, recent evaluations, utilization intentions and replacement intentions across 300+ technology frameworks and early stage technology companies.

Based on the preliminary data, 44% of CIOs indicated their organization is decreasing investments in emerging tech due to COVID-19.

The negative impact from these organizations allocating less resources can be quantified by analyzing the data captured through ETR’s Emerging Technology Study and comparing those results to prior studies (see the chart below).

For example, among Fortune 1000 organizations, we’re capturing a notable deceleration vs 6 months ago and year-ago levels in emerging tech ‘evaluations’ (planned and current), while the number of CIOs that have ‘no plans to evaluate emerging technologies they are aware of’ has significantly risen. Though several private emerging vendors will benefit due to COVID-19/WFH, in aggregate, the data is pointing to notable declines across the private emerging tech landscape.

To learn more about the data behind this article and what ETR Research has to offer, visit https://etr.plus/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.