Deloitte Private polled 500 executives from private and mid-market companies on how technology influences their businesses. The survey found that 43% of companies now spend over 5% of revenue on technology, up from 28% in 2016. Ninety-five percent of respondents said they benefit from predictive analytics, and over 70% believe reskilling employees through experiential learning and cognitive skills training will enhance their potential. Most companies are also focusing their tech investments on managing security risks and adopting 5G technology.

1. Technology in the mid-market
Seizing opportunity
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In July 2019 Deloitte Private polled 500 US executives from private and mid-market companies on the role that technology plays and how it influences business
decisions. Here are some of the most significant findings; access the full report at http://www.deloitte.com/us/mid-market-technology.
43% of companies
surveyed are spending
more than 5% of firm
revenue on technology,
up 15% since 2016.
How are companies
mitigating cyber risk?
95% say they benefit
from the use of
predictive analytics.2016 201920182017
28%
32%
34%
43%
72% of surveyed execs say “reskilling employees through
experiential learning, gamification and cognitive skills will
help us enhance employees’ potential.”
54%
encrypt
sensitive
information
53%
perform
periodic testing
and certification
52%
provide
education
and training
Significantly
more firms use
AI for analysis
automation.
48%
2019
30%
2018
39% say managing
information security
risk and adoption
of 5G technology
are their top tech
investment priorities.