A report by Kyndryl shows that while nine in 10 Benelux executives are confident in their IT infrastructure, only two in five feel prepared for future challenges. Regulations, cyber attacks and outdated technology are high on the list of concerns.
The Kyndryl Readiness Report for 2024 reveals that 91 percent of Benelux executives consider their IT infrastructure to be high quality. Yet only 38 percent believe their company is adequately prepared for future risks such as cyberattacks and regulations. This indicates a gap between IT ambitions and reality. Although technology modernization is a priority for 97 percent of respondents, only a minority of companies note a positive return on investment in AI.
The report also shows that 66 percent of Benelux executives find it difficult to keep up with rapid technological advances. This is particularly evident in concerns about outdated IT, a problem for 63 percent of CEOs. Other concerns include evolving regulations (69 percent) and cyber attacks (66 percent), with only 27 percent of leaders feeling ready for such digital threats.
AI and sustainability as a challenge
Despite increased investment in AI and machine learning, only 39 percent of companies see a positive return on these investments. Issues such as data privacy (35 percent) and compliance (30 percent) are seen as barriers to wider adoption of AI. In addition, 61 percent say sustainability is a challenge when modernizing technology, although it is a priority for 91 percent of companies.
The report is based on research among 3,200 executives worldwide, including 200 respondents from the Benelux region. It paints a picture of the challenges facing companies in the region, from technological obsolescence to skills shortages. You can read the full report here.