Cyber and digital skills top growth threats to private business.
Research conducted among 722 private business owners reveals that technology and digital skill threats loom large on the horizon. The PwC’s 21st Annual Global CEO survey shows that a third (39%) of private business leaders cite cyber threats as the biggest threat to their business followed closely by the scarcity of key skills to mitigate those risks.
According to the survey, Eighty-five percent of business leaders surveyed are confident about their growth prospects in the next 12 months, and 89% are confident in the three-year outlook.
Gert Allen, PwC Partner, Africa Private Company Services Leader says: “Operating in a world of growing complexity and wide-ranging risks, private company CEOs are freer to operate with a degree of agility, flexibility, and pragmatism than many of their counterparts at public companies. However, cyber threats, global market uncertainty and a shortage of digital talent are still key concerns for private-company CEOs.
“Despite these concerns, CEOs are optimistic about the future. In fact, 85% of private-company CEOs stated that they are ‘somewhat confident’ or ‘very confident’ about their organisation’s prospects for revenue growth over the next 12 months.”
Further expansion is on the agenda of some companies. The US Click here to read entire article
Source:: IT News Africa