New Survey From American Express Reveals Power of Technology, as 76% of UK CFOs Plan to Increase Investment in 2014

New Survey From American ExpressNew Survey From American Express Reveals Power of Technology, as 76% of UK CFOs Plan to Increase Investment in 2014 PR Newswire LONDON, December 4, 2013 The improving economy heralds a heartening year for UK investment in IT, according to a new survey from American Express Company (NYSE:AXP) and CFO Research, Supporting Growth with New Technologies. Results of the survey show that more than three quarters (76%) of those surveyed plan to increase investments in technology in 2014, with 41% of CFOs planning to increase their spending on IT by 10% or more in 2014. The research also revealed that the CFOs' determination to leverage data to generate value showed no signs of abating; some 92% of CFOs agreed with the premise that their organisations would need to extract much greater value from financial and operating data over the next twelve months. The findings of the research, conducted among senior finance executives, indicate that the importance of proper investment in technology is widely recognised as a key contributor to company growth plans among UK finance leaders. Nearly half (48%) plan to deploy technology to cut costs, while almost all of the remaining (48%) group will rely on data insights from technology to improve analytical effectiveness.