Data shows that digital transformation is now for the masses. The majority of companies with fast-growth ambition are reshaping themselves to capture the upside of the economic rebound.
Gartner’s latest worldwide spending forecast anticipates 5.1% year-on-year growth in IT spend, with enterprise software and IT services leading the expansion.
According to the annual TechTarget / Computer Weekly IT Priorities survey, over two-thirds of UK businesses are harnessing automation, and 50% describe their IT strategy as ‘cloud first’.
Back-office investments, especially cloud-based solutions, are top of the agenda. Over 30% of those surveyed stated they are planning to invest in ERP this year, making it the top business applications project.
Linked to ERP, analytics and business intelligence (BI) are also in the top five priority projects for the upcoming year. With customer relationship management (CRM) and business process automation (BPA) featuring in the top 10.
“The headlines of this survey are interesting, but the sub-text is fascinating,” said Adam Shilton, Senior Business Advisory Consultant, Thinc.
“With IT budgets amongst the first to be increased post-pandemic, there’s clearly a strong vote of confidence in IT decision makers and their ability to design a path into the new economy.”