This site uses cookies to improve your experience.

We use necessary cookies to make our site work. We would also like to set optional analytics cookies to help us improve our site by anonymously collecting and reporting information on how you use it. For more information on how these cookies work, please see our Cookie policy.

  • Portfolio
  • Team
  • Sōzō Insights
  • Work With Us
Toggle Menu
  • Portfolio
  • Team
  • Sōzō Insights
  • Work With Us
  • SoftBank Careers
  • Terms
    © 2024 SB Investment Advisers (UK) Limited
    Data Analysis

    CTO Survey: Targeting AI, CTOs pursue different approaches

    Companies are leaning into the technology despite shrinking budgets

    How companies are using AI today vs. in 2 years

    • Today
    • In two years
      Predictive analytics
        Natural language processing
          Generative AI
            Conversational interfaces
              Deep learning
                Robotics
                  Computer vision and image recognition

                  CTOs said generative AI has improved their companies by

                  63%
                  Making us more productive
                  29%
                  Improving our customer service
                  18%
                  Making non-techies more involved in product development
                  12%
                  Improving our morale
                  10%
                  Compressing our product cycles
                  28%
                  NA/No improvement

                  Technology budget changes from 2022 to 2023

                  14
                  Grew by 25% or more
                  16
                  Grew by up to 25%
                  32
                  Stayed flat
                  15
                  Shrank by up to 25%
                  23
                  Shrank by 25% or more

                  The engineering skills most in demand today, compared with in two years

                  • Today
                  • In two years
                    AI/ML
                      Data
                        Frontend
                          Backend
                            Full stack
                              QA
                                DevOps
                                  Security
                                    Mobile

                                    Concerns of CTOs today compared with the challenges they said will be hardest to handle in the next five years

                                    • Today
                                    • In five years
                                      Accuracy
                                        Data privacy
                                          Cost
                                            Intellectual property loss
                                              Infringing on someone’s copyrights
                                                Regulatory issues
                                                  Access to talent
                                                    Internal pressure to show results
                                                      Increased vulnerability to cyberattacks
                                                      Next
                                                      Sōzō Pulse

                                                      CTOs are exploring pathways to AI success

                                                      Explore the full results of our Q3 2023 CTO survey. Compare and benchmark your company.

                                                      Feature

                                                      SambaNova: Dancing with AI

                                                      How SambaNova is making the most of an opportunity that’s materializing fast and at unprecedented scale

                                                      Sign up for our monthly newsletter
                                                      Stay up to date with the latest data and insights
                                                      • Portfolio
                                                      • Team
                                                      • Sōzō Insights
                                                        • All Insights
                                                        • Sōzō Pulse
                                                        • About Sōzō
                                                      • Work With Us
                                                      • Portfolio Careers
                                                      • Company
                                                        • Sustainability
                                                        • Presentations
                                                      • Contact
                                                      • Terms
                                                      • |
                                                      • Privacy
                                                      • |
                                                      • Regulatory
                                                      • |
                                                      © 2025 SB Investment Advisers (UK) Limited