Top priority for core technology investments in corporate innovation strategies

53% of Korean corporate executives point to data and analysis as the number one technology investment, incorporating data into management, organizational operations, and key decisions

A survey found that it is considering a plan to transform into a “data-driven” organization.

EY Consulting, a consulting organization of global accounting and consulting firm EY Hanyoung (CEO Park Yong-geun),

On the 7th, about 1,600 corporate executives from 22 countries around the world, including Korea, released a report on “EY Tech Horizon 2022,” which contains their views on the role of technology in corporate innovation.

According to the report, the proportion of domestic companies that have completed the transition to data-oriented organizations was only 21%, but it is expected to increase gradually.

Data-oriented refers to an approach that improves corporate decision-making, processes, services, products, etc. by deriving insights through integrated data across the enterprise, not limited to IT departments.

More than half of the domestic respondents who participated in the survey, 53%, selected data and analysis as the top investment areas for establishing innovation strategies over the next two years.


In addition to data, Korean businessmen are looking for new technology infrastructure such as ▲ Internet of Things (IoT) (51%) ▲ Cloud (47%) ▲ Artificial Intelligence (AI) and Machine Learning (42%) ▲ Blockchain (18%)

It has been shown that it is preparing a digital foundation by focusing on technology investment.