- Eighty-five percent of IT decision makers have seen an increase in technological spending since the epidemic, but only one-third of new investments report real value.
- 62% are experiencing the flow of technology – defined as an increasing gap between what companies are trying to do and what they are actually achieving – as a result of rising costs.
London, United Kingdom; March 29, 2022: Technology costs for IT decision makers have increased by an average of 43% since the epidemic began, with 62% experiencing the flow of technology into their companies. It is a leading provider of cloud solutions for digital transformation, according to Orbus Software, which surveyed 1,000 IT decision makers across the United States and the United Kingdom to determine the growing financial needs of the epidemic.
The most common reasons for increased spending were identified as working from home as new technology onboarding and the introduction of hybrid work (71%), rising technology costs (69%), and new IT regulations (56%).
However, when it comes to onboarding new technology, only 30% say that all new onboard technology has a real value, 51% say that there is a ‘majority’. The majority (79%) said that all or most of the technology purchases in the last 24 months were pre-planned, compared to 13% who say they were last minute. The survey found that the UK is more prone to last-minute investments than the United States (17% vs. 9%).
Michael D’Onfrio, CEO of Orbus Software, commented: “The last two years have undoubtedly increased the importance of technology, yet there is a widening gap between the flow of technology – where companies are trying to do and what they are actually achieving. Causes significant problems. Despite the increase in costs, not even a third of companies can say that it has paid a real price. “
To address these challenges and plan for future technology and software purchases, 80% of respondents said their company has either onboard (34%) or plans to unboard an enterprise architecture tool (46%). Going deeper, the survey found that nearly half (47%) have entered enterprise architecture due to rising technology costs, and 46% want to bridge the gap between IT and business stakeholders. In addition, 41% are bringing enterprise architecture to ease the growing complexity, and 39% say they need to gain more visibility before moving to the cloud.
“We are currently in a period of significant friction, and companies need to pivot frequently. Because of this, companies need reliable core services that give them visibility, reliability and agility, ”D’Onfrio continued. “It is vital that companies have a tool that can give them visibility and insight Without enterprise architecture, the challenges facing IT teams will continue to get out of hand. “
The survey also published IT roadmaps across the United Kingdom and the United States. It was found that there is a technology roadmap to help 95% aware technology shoppers ৷ They usually plan for the next 6 (26%) or 12 months (37%). However, 14% have an 18-month roadmap in place and 19% for 2 years or more.
* The study surveyed 1,000 IT decision-makers working in companies with 100+ employees across the UK and US.
About Orbus software
Orbus Software is a global enterprise software vendor and a recognized leading provider of cloud solutions for digital transformation. Its products align between strategy and execution using the well-known Microsoft, ServiceNow and other best-of-breed cloud solutions to ensure rapid enterprise adoption and market-leading innovations.
Customers of Orbus software are mainly large, Blue Chip Enterprise and government agencies located across the Americas, Europe, the Middle East and Africa and the Asia-Pacific region, expanding all industries vertically. At its core, the company focuses on customer-centric, and fully technological innovation that further accelerates customer success. Examples global customers include AstraZeneca, IKEA, BP, Dell, Mastercard, New York Power, Mayo Clinic, Rio Tinto, Brisbane Airport, CIB Bank, Schroders and Saab.