Tech Mahindra and Wall Street Journal Intelligence Present the Tech Adoption Index at WEF 2025
On January 24, 2025, Tech Mahindra, a leading global player in technology consulting and digital solutions, introduced the `Tech Adoption Index` report in collaboration with Wall Street Journal Intelligence. This notable launch took place during the World Economic Forum (WEF) in Davos and was presented by industry leaders, including Dr. Anish Shah, Managing Director of Mahindra Group, and Mohit Joshi, CEO of Tech Mahindra.
The report synthesizes insights from over 1,000 executives and industry leaders across 10 countries in North America, EMEA, and Asia, all from companies generating annual revenues of at least $500 million. This diverse sampling highlights the pervasive importance of technology in today’s business landscape.
One of the key findings presented by Josh Stinchcomb, Chief Financial Officer of the Wall Street Journal, pointed out that successful organizations are adept at balancing speed, scalability, and return on investment with smooth technology integration. He emphasized that Tech Mahindra’s digital transformation expertise significantly contributed to the research's depth and relevance in addressing complex industry challenges.
Key Takeaways from the Tech Adoption Index
The Tech Adoption Index reveals several critical insights regarding contemporary technology trends:
- - Importance of Diversity in Technology Portfolio: An impressive 84% of surveyed companies believe that a diverse technology portfolio is essential for achieving business success.
- - Crucial Technologies for Growth: Artificial Intelligence (AI), cybersecurity, and cloud computing have emerged as the leading technologies fostering corporate growth. These technologies not only prove beneficial for operational efficiency but also drive innovation.
- - Challenges with 5G and IoT Integration: While organizations recognize 5G and IoT as vital enablers for future growth, they face notable hurdles in their seamless deployment and integration, necessitating robust strategies and frameworks.
The report also includes a unique benchmarking tool, hosted on a dedicated Tech Mahindra webpage, linked with the Wall Street Journal. This platform allows companies to assess the effectiveness of their technology portfolios against industry standards, which can enhance decision-making capabilities in technology investments.
Peeyush Dubey, Chief Marketing Officer of Tech Mahindra, commented on the broader implications of the report, stating, “The Tech Adoption Index illustrates that digital maturity encompasses more than just keeping up with technology; it also serves as a key indicator of resilience, foresight, and competitive strength.” He highlighted the partnership with Wall Street Journal Intelligence as a joint commitment to providing businesses with insights to navigate their digital journeys more effectively, paving the way for smarter decisions toward a sustainable future.
As Tech Mahindra continues to collaborate with the Wall Street Journal, the Tech Adoption Index is set to be a dynamic investment in understanding the critical elements of digital infrastructure implementation. The full report will be available as a downloadable whitepaper at the end of the benchmarking survey on both the WSJ site and Tech Mahindra’s platform.
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