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CNBC Releases Results from the Inaugural CNBC Technology Executive Council Quarterly Survey

The New Survey Asks Top Technology Executives Their Views on Cybersecurity, Data Privacy, Global Trade and More

ENGLEWOOD CLIFFS, N.J., June 18, 2019 – CNBC, First in Business Worldwide, today announced the results of the first-ever quarterly survey from the CNBC Technology Executive Council.

The CNBC Technology Executive Council (TEC) comprises 100 top executives who are transforming their organizations by leveraging innovation and disruption. Members come from a diverse array of large public companies and fast-growing private start-ups, as well as non-profit organizations and government institutions. The TEC has been convened to work with CNBC to lead high-priority discussions about employing breakthrough technologies to solve problems and power growth while also addressing the challenges these innovations present.

Each quarter, CNBC will survey TEC members on topics like cybersecurity, data privacy, technology strategy, global trade and more. Some of the findings of this first survey will also serve as a baseline for future surveys.

Key findings from the inaugural CNBC Technology Executive Council Quarterly Survey include:

  • A need for regulation but no trust in regulators. 73% of respondents support the passage of a nationwide data privacy protocol similar to the EU's General Data Protection Regulation (GDPR). But 72% of respondents say they are "not at all confident" in the ability of the US government to protect consumers' data privacy.
  • The majority of respondents (45%) say that defending against cyber attacks will be the biggest technology challenge to their company over the next 12 months. Regarding that challenge… 41% say that the most dangerous cyber threat their company faces is from individual hackers, followed by state-sponsored cyber warfare (38%). A majority of the respondents (62%) are "not at all confident" in the ability of the U.S. government to protect companies and organizations from cyber-attacks.
  • 81% of respondents say cloud computing will be "critically important" to their organization's tech strategy over the next 12 months.
  • 52% of respondents say it's gotten harder to find qualified employees to fill open positions compared to a year ago. 0% of the respondents say it's gotten easier.
  • Most respondents (38%) say that 75% or more of the data their company stores and collects is being put to use.

Methodology:
The Technology Executive Council survey was conducted by CNBC from May 21 – June 8, 2019. 42 council members responded to the poll.

CNBC will present the results of the CNBC Technology Executive Council Survey today, Tuesday, June 18th, on-air and online.

For more information contact:

Jennifer Dauble
CNBC
t: 201.735.4721
m: 201.615.2787
e: jennifer.dauble@nbcuni.com

Marissa Tarabocchia
CNBC
t: 201.735.4722
m: 646.808.9302
e: marissa.tarabocchia@nbcuni.com

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