A report from Kyndryl shows that while nine out of ten Benelux executives have confidence in their IT infrastructure, only two out of five feel prepared for future challenges. Regulations, cyberattacks and outdated technology are at the top of the worry list.

The Kyndryl Readiness Report for 2024 shows that 91 percent of Benelux executives consider their IT infrastructure to be high quality. However, only 38 percent believe that their company is adequately prepared for future risks such as cyberattacks and regulations. This points to a gap between IT ambitions and reality. While modernizing technology is a priority for 97 percent of respondents, only a minority of companies see a positive return on AI investments.

The report also shows that 66 percent of managers in the Benelux are struggling to keep up with rapid technological advances. This is particularly evident in concerns about outdated IT, a problem for 63 percent of CEOs. Other concerns include evolving regulations (69%) and cyberattacks (66%), with only 27% of executives feeling prepared for such digital threats.

AI and sustainability as a challenge

Despite increased investments in AI and machine learning, only 39 percent of companies see a positive return on these investments. Issues such as data protection (35%) and compliance (30%) are seen as barriers to wider adoption of AI. Additionally, 61 percent say sustainability is a challenge when modernizing technology, even though it is a priority for 91 percent of companies.

The report is based on research among 3,200 executives worldwide, including 200 respondents from the Benelux countries. It paints a picture of the challenges faced by companies in the region, from technological obsolescence to skills shortages. You can read the full report here.