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Be in the room as Congressman Neal addresses the Greater Boston business community.
11/13/2025
2:45pm - 4:00pm
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Emerging technology as well as Cloud and Security will remain vital for companies to remain successful
If organizations in Boston are not able to recruit the required tech talent by the end of 2021, almost half (45 percent) will not be able to innovate at the same pace, one in four will not be able to reach their growth objectives, and one in five will lose their competitiveness. This is according to a new survey from Accenture and the Greater Boston Chamber of Commerce, which is based on the responses of 100 companies in the Boston area, with at least $500 million in yearly revenue.
Fortunately, 93 percent of respondents are confident that they can find the tech talent they need in order to remain successful. And most respondents (54 percent) are exclusively recruiting tech talent in Boston to leverage the deep talent pool in the area. However, local companies could improve retaining local talent for a longer period. The survey found that while 72 percent of local tech talent typically remain in Boston for four years, only 25 percent stay for eight years or more.
“The demand for technology talent in Boston shows that the city’s continued investment in the technology ecosystem is paying off,” said Pallavi Verma, Senior Managing Director & Boston Office Lead, Accenture and a member of the Greater Boston Chamber of Commerce Board of Directors. “However, we need to do more in order to retain the talent that comes to Boston for their educations and to start their careers – a commitment on more diversity efforts is a great first step for our local tech ecosystem.”
The survey found the top three ways Boston companies could improve to attract tech talent are:
“Technology is foundational to our region’s economic competitiveness. For the benefit of our employers and the workforce, we must prioritize technological innovation and diverse tech talent. Greater Boston’s future and our economic recovery depends on our leadership as a national technology hub,” said James E. Rooney, President & CEO at the Greater Boston Chamber of Commerce.
Emerging technology: big priority for Boston companies
The potential revenue increases local executives predict to see from investing in emerging technologies (like artificial intelligence, blockchain and quantum computing) is encouraging – in fact, many respondents expect to see a 20 percent increase in revenue over the next three years. And companies expect to see an increase of 24 percent increase in their budgets tied to emerging technologies over this year.
Cloud and Security Technologies remain important
Two out of three companies agreed that cloud technologies are extremely important for their business and 66 percent agree that cybersecurity is extremely important to their success over the next three years. When asked about future technology budgets from 2020 to 2021, cybersecurity saw the highest spend increase at 28 percent increase and cloud technology investment also saw a surge, with a 25 percent increase.
About Accenture:
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
About the Greater Boston Chamber of Commerce
We are the convener, voice, and advocate of our region’s business community, committed to making Greater Boston the best place for all businesses and all people to thrive. We help our members and Greater Boston succeed by convening and connecting the business community; researching, developing and advocating for public policies that contribute to our region’s economic success; and providing comprehensive leadership development programs designed to grow strong business and civic leaders. Learn more at BostonChamber.com.
Casey Baines
Director, Policy & Communications
[email protected]617-557-7320
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