What CEOs talked about: The latest business trends in Q1/2023
Advisor | Author | Lecturer | Speaker
Founder of Digital Transformation Academy
The prioritization of specific topics by CEOs will likely lead to further investment in these areas.
The latest report from IoT Analytics on "What CEOs talked about in Q1/2023" reveals some interesting insights.
The report showed that AI & ChatGPT, the Labor Market, and Industry 4.0 have been increasingly mentioned by CEOs compared to Q4/2022. While the seemingly hot topics like shortages and the metaverse have lost their attractiveness. Among those up and down, the spotlight still shines brightly on the economic uncertainty that CEOs are mostly talked about in this Q1/2023.
AI & ChatGPT: A Strong Increase in Potential Use Cases
Artificial intelligence (AI) is becoming an increasingly important topic in the boardroom, with 17% of all earnings calls mentioning it in Q1/2023. This is a significant increase of 41% from the previous quarter.
Conversational AI and generative AI were also hot topics, with a 1,600% increase in discussions around generative AI.
Although most applications of ChatGPT have not yet reached large-scale adoption by enterprise end-users, the potential is tremendous.
The Labor Market & Industry 4.0: Expecting More Outcomes
Companies are discussing how to tackle rising inflation, labor costs, and general cost pressure, and are realizing that more, not less. Many business leaders have concluded that investing in digitization is the solution, even during times of economic uncertainty. This trend is expected to continue.
Boardroom discussions around predictive maintenance (+136%), remote monitoring (+62%), and industrial automation (+57%) have increased significantly compared to Q4 2022.
Staying on top of the latest trends and prioritizing further investment in these areas can better position executives for a successful digital transformation in the future.
