Chinese businesses lead pack in technological familiarity, investment: survey

Source: Xinhua| 2019-10-09 22:53:57|Editor: yan
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PARIS, Oct. 9 (Xinhua) -- China's companies top the list of the world's major countries when it comes to promoting workplace technologies -- artificial intelligence (AI), blockchain, enterprise resource planning (ERP), Internet of Things (IoT) and robotic processes, according to a survey published recently.

The survey, entitled "Are you missing the Tech Train? Global investment and implementation surrounding transformative technologies," found that business leaders in China are the most familiar with these five key technologies (79 percent). Germany came second with 71 percent, followed by India (69 percent), the United States (64 percent), France(53 percent) and the United Kingdom (44 percent).

The survey, in which more than 600 company executives based in six countries (China, France, Germany, India, the UK and the U.S.) and working in different industries participated found that India and China were "the most likely to have implemented at least one of the technologies and shared the highest adoption rates for all five technologies."

The business leaders of the two countries also showed "the greatest appetite" to invest in the five technologies. The majority of respondents in India and 49 percent of them in China said they planned to increase the share of their information technology (IT) budgets dedicated to these five technologies by 10 percent or more.

"Overall, familiarity levels are high, leaders see the impact these technologies can have, and they have plans to increase investment. But there are areas of concern and certain sectors and countries pale in comparison with others," commented Guillaume Devaux, partner, head of technology sector at Mazars.

The survey was conducted by YouGov on behalf of Mazars, the France-based international accounting and consulting group, and was published by it on Tuesday.