Uptick In Tech Investments As 70% CXOs Focus On Growth This Festive Season: Report

Exotel, an AI-driven enterprise communication platform, has released the findings of its comprehensive market survey on technology investments for the upcoming festive season. The survey, which gathered insights from over 350 CXOs across diverse industries such as tech, BFSI, ecommerce, telecom, and automotive, reveals a clear strategic shift towards enhancing customer engagement through cutting-edge technologies.

With 70 per cent of respondents planning to increase tech investments compared to the previous year, businesses are ramping up their readiness for what promises to be a record-setting festive season. The findings underscore a strong focus on sales revenue (53 per cent) and social media engagement (47 per cent) as the top metrics for campaign success, indicating a drive towards both financial growth and customer satisfaction.

Key Survey Insights:

• 43 per cent of CXOs are already implementing GenAI technologies, while another 45 per cent plan to adopt them within the next 12 months, highlighting AI’s growing role in driving predictive analytics and personalised customer experiences.
• 40 per cent of CXOs are strengthening payment gateway security to address the expected surge in transactions, emphasising the priority of data protection and fraud prevention.
• 35 per cent of respondents cited system integration and scalability as major challenges, prompting significant investments in cloud solutions and load-balancing tools to manage peak demand.

Udit Agarwal, VP & global head of marketing at Exotel, comments on the findings: "This festive season presents a pivotal moment for businesses to leverage advanced communication technologies to deepen customer engagement and fuel growth. Our survey highlights the prioritisation of secure, scalable, and integrated solutions among CXOs to meet the growing demand."

As businesses adopt new tools, the focus is squarely on delivering seamless experiences that cater to the growing demands of festive shoppers. With 48 per cent of CXOs actively exploring new technologies, they are emphasising scalability, integration, and real-time customer engagement.

The study also showcases that tracking customer engagement and satisfaction (41 per cent) is the most popular method for measuring ROI from AI investments, followed by direct sales and conversion metrics (35 per cent).

As India’s festive season continues to evolve into a major economic event, businesses are increasingly focusing on AI and data security to optimise customer experiences and drive substantial revenue growth. Exotel's report reflects how enterprises are preparing for the surge, addressing key challenges, and prioritising the technologies that will define the next phase of customer engagement.