TheImpactofTechnologyontheWorkplace 2024Report Contents: Foreword ResearchMethodology HowTechnologyIsHelpingBusinessesGrow? HowTechnologyIsChangingOurWorkingEnvironment?HowTechnologyIsAffectingBusinessSecurity? HowTechnologyIsChangingJobRoles?LookingAheadto2024 JENNIFERMCILVEEN It’sbeenalittleoverayearsincetheglobaltechlandscapewitnessedagroundbreakingshiftwiththeintroductionofChatGPT.ThesubsequentsurgeofAIchatbots-includingBard,Claude,andChatGPTitself-hasmadewavesinthetechworldandfirmlyplantedtechnologyattheforefrontofbusinessleaders’minds,aswellasintheconsiderationsoftheircustomersandclients,whenitcomestoreviewingspendingandperformance. Aswestepinto2024amideconomicuncertainties,theneedfororganizationstounderstandhowemergingandestablishedtechnologiescouldinfluencetheiremployees,competitiveness,andoverallperformancehasneverbeenmorecritical. HowisAIchangingandchallengingjobroles?Isithavingtheimpactthatthemediaattentionsuggestsitmightbe?Arethereothertechnologiesaffectingworkprocesses,fromhiringtocrisismanagement,toagreaterextent? Whatfactorsandtechnologiespredictimprovementsinproductivity,businessgrowth,andjobsatisfaction?Whattoolsandskillscanbusinessesinvestintopreparethemselvesforthecomingyear? Tech.co’sinauguralreportcoveringtheimpactoftechnologyontheworkplaceprovidesaninsightintothesequestionsandmore.Basedonacomprehensivesurveyofover1000US-basedbusinessleaders,wewillunravelthemultifacetedinfluenceoftechnologyontheworkplaceoftoday. Beyondtheimpactofartificialintelligence(AI),we’lldelveintoremoteworkingtrends,thechallengesposedbydatabreaches,andreactionstotheconceptofafour-dayworkweek,amongotherkeyconsiderationsdominatingthemindsofbusinessleaderstoday. Ifyou’reinthethroesofplanningtheyearaheadforyourteam,thisone’sforyou. -Tech.coManagingEditor,JenniferMcIlveen ResearchMethodology Toinformhowtechnologyisimpactingtheworkplacein2024,Tech.cosurveyedalargesampleofseniorleadershipprofessionalsfrombusinessesbasedintheUnitedStates.Seniorleadershipprofessionalshadjobtitlesrangingfrommanagertodirector. Wesurveyedcompanieswith10ormoreemployeestoensurethatourdatacapturedtheexperiencesandperspectivesofindividualsholdingkeyleadershiproleswithinestablishedorganizations. Toensureanimpartialandunbiasedsample,thisreport’sdatawasgatheredthroughasurveywithparticipantsselectedviaathird-partypanelprovider,inOctober2023. ToguaranteeanaccuratereflectionofUSbusinesses,atotalof1047responseswereobtainedataconfidencelevelof99.9%. HowIsTechnologyHelpingBusinessesGrow? HowIsTechnologyHelpingBusinessesGrow? Technologyhasalwaysbeenpivotalforbusinessgrowth,whetherit’sbyallowingcompaniestoreachcustomersinnewandimprovedways,orunlockingnewpossibilitiesforproductsandservicesthatinspiredemand. Today,akeywaybusinessesusetechnologytoenablegrowthisthroughincreasingteamconnectivitybyusingcommunicationandcollaborationtoolslikevideoconferencingandmessaging.Whilethesekindsoftoolsaren’tcompletelynew,theyareeverdeveloping.Infact,wefoundthemtobeamongthemostanticipatedbusinesstechnologiesof2024. GenerativeAItoolsareanothergrowingarea,particularlyfordataanalysisandwritingtasks.Thatsaid,theuseofAIisnotaswidespreadasnewscoveragemightsuggest:67%ofrespondentstoldusAIisneverusedorusedtoalimitedextentintheirbusinesses. Whenitcomestothetechinnovationsthatbusinessesanticipateboostingtheirorganization’sperformancein2024themost,someofourkeyfindingsinclude: •Communicationandcollaborationtoolsarethemostimportanttechinnovationsforbusinessgrowth,citedby46%and34%ofrespondentsashavingahighorveryhigheffectontheiroperationin2024. •80%ofbusinesseswiththemostcollaborationtoolsalsoreportedthehighestorganization-wideproductivitylevels. •5GandtheInternetofThings(IoT)arealsoamongthemostimpactfultechnologiesof2024. •AIadaptationisslow:Twooutofeverythreerespondents(67%)saythatAItoolsarenotusedatall(34%)ortoalimitedextent(33%)withintheirorganizations. •Just4%ofrespondentssayAItoolsare“fullyintegrated” withintheirorganization. •ButAIishelpful:59%ofthosewhouseAIwithintheirownrolesaythatithasimprovedjobsatisfaction,while30%reportasignificantorsubstantialimpactontheirworkprocesses. Thesimpletoolsarethemostimpactful:communication andcollaborationtoolsemergedasthemostimportant techinnovationsfor2024 Communicationandcollaborationtools(suchasZoom,Slack,andmonday.com)rankedatthetopofourlistasthemostimportanttechinnovationsforbusinessgrowth.46%ofsurveyrespondentspredictedcommunicationtechnologywouldhaveahighorveryhigheffectontheirbusinessintheupcomingyear,while34%saidthesameofonlinecollaborationtechnology. Communicationandcollaborationtoolsalsorankedamongtheleastlikelytoolstobejudgedashavingaminimalanticipatedimpact.Just11%ofrespondentssaidcommunicationtechnologywouldhavea“veryloweffect”ontheirorganizationin2024,andonly16%saidonlinecollaborationtoolswouldhavea“verylowimpact”duringtheyear. Onlyoneotherareaoftechnologicalimpactrivaledtheweightthatbusinessleadersgavetocommunicationandcollaboration:cybersecurity.40%ofbusinessleaderspredictedthatcybersecuritythreatswouldhaveahigho