How well are legacy industries like the financial industry approaching emerging technology?

Where I work, we do diligence for private equity firms, looking at more legacy targets, and I see a fair amount of denial, “we know we need to get to cloud digital transformation but it's off in the future.” And in your research recently, even pre and post pandemic or during pandemic, have you seen that as well? Like the level of self-awareness, has that improved or not?

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Anonymous Author
Where I work, we do diligence for private equity firms, looking at more legacy targets, and I see a fair amount of denial, “we know we need to get to cloud digital transformation but it's off in the future.” And in your research recently, even pre and post pandemic or during pandemic, have you seen that as well? Like the level of self-awareness, has that improved or not?
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Anonymous Author
A lack of understanding of where the emerging tech would fit into even the next 18-36 months of the company’s horizon, or how would it be monetized stops folks from making a decision some times. Without the clarity on ROI, the decision-maker sometimes says, “I don't know what to do, so I'm just going to stall and not make any decision.” Business executives sometimes maintain status quo until something dramatic happens and acts as a catalyst for the change. With a clear understanding of what to digitize that will add either to the top or bottom line is what most folks are looking at. Some are moving fast and some will drag their feet.
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