Chief financial officer expansionary spending is on the rise, which is a positive sign that businesses see growth opportunities as 2022 progresses. (Source chart content: Deloitte) — Photo by HotelNewsNow

Transformation and reinvention are the buzzwords for business in 2022.

On a webinar titled “The Outlook for 2022” hosted by business advisory Deloitte, Richard Houston, Deloitte's CEO for North and South Europe, said technology investment will underpin businesses’ appetite for transformation.

The rethinking of business fundamentals also will mean more emphasis on investment in employee skill development, which likely will result in increased staff retention.

Ian Stewart, Deloitte's chief economist for the United Kingdom, said that it is not invention that makes the difference but how that invention is deployed.

“That is about culture and people,” he said.

Read the full article at HotelNewsNow (part of CoStar)