Executive Summary The events of the past 12–18 months have accelerated the economy to its digital destiny. Technology (and, more specifically, software) is seen to be an incredible potential source of value. Business leaders are ramping up investments in digital transformation initiatives. As a result, we saw the CEOs of some of the largest organizations announcing major new technology investments for 2021 and beyond. For example, Brian Moynihan (CEO, Bank of America) announced that the bank would be spending $3.5 billion on net-new technology spend in 2021 (as part of a broader total technology budget of $10 billion), and artificial intelligence (AI)-focused investments are integral to it.

Join for free to read