Chandrashekar LSP, Managing Director of Zoho Canada, talks about the newly released Zoho Canada Business Outlook Report by Zoho Corporation, a leading global technology company, indicating a notable decrease in business optimism among Canadian business leaders by 20% due to ongoing economic challenges. which indicated a notable decrease in business optimism in Canada by 20% since the previous survey. LSP highlighted the challenges faced by Canadian businesses and the implications for Zoho’s strategic decision-making based on the research insights.
Key Survey Findings:
- Respondents continue to be somewhat optimistic about their business with 63.1% of respondents anticipating growth of 1-20% (74.1% in Q4, 2023)
- Staffing is holding steady with 57.2% of businesses planning to maintain current workforce levels (64% in Q4, 2023)
- The integration of AI is a mixed priority with 45.4% of people not seeing it as the most critical technology.
- 51.9% of respondents feel that customer spending is down
- 24% of businesses indicate that cybersecurity is a technology priority, closely followed by collaboration tools (21.1%) and CRM (20.9%)
- The availability of employee well-being programs skews towards the negative with 52.1% of respondents indicating that none exist at their workplaces.
To learn more about ZOHO, check out their Lion’s Den pitch at the last ChannelNext West event: https://www.e-channelnews.com/zoho-at-lions-den-channelnext-west-2023/
