Global Survey: 87% of IT Decision-Makers Are Rethinking 2022 IT Investments Amid Market Shifts
Teradata study reveals 9 out of 10 respondents look to modernizing cloud architecture and improving data capabilities as top areas of investments
Courtesy of Teradata
A new research report, commissioned by Teradata (NYSE:
Market Volatility is Shifting 2022 IT Investments
In the wake of the pandemic’s economic impact,
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93% of respondents agreed that when re-evaluating their IT investments, modernizing cloud architecture, improving data management and analytics were among the top investment areas to accelerate their digital transformation efforts. -
Although
50% of IT decision-makers reported that their organizations had no plans to increase data governance investments at this stage,89% felt their organizations should still prioritize data governance/responsibility initiatives more.
Emerging Tech is a Global Priority
Looking three years ahead, IT decision-makers also identified emergent technologies, such as multi-cloud infrastructure, IoT, 5G, edge computing, AI, and data analytics, as critical areas for increased future spend. This was a globally held view, with IT leaders from the
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90% of respondents felt that emergent technologies, such as automation, would have a transformational impact on their organization in the next three years. - 3 out of 4 IT decision-makers also agreed that their organization’s digital transformation efforts or lack thereof could be a roadblock to realizing the full benefits of key emergent technologies, such as AI and machine learning.
“Today, organizations understand that they must leverage key emerging technologies such as AI and multi-cloud infrastructure to maintain a competitive advantage. In fact,
Lack of Cloud-Readiness Undermines Digital Transformation
As IT leaders move forward with plans to pivot their digital innovation strategies in the wake of the pandemic, they also grapple with how quickly they make their leap to the cloud.
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For example,
82% expressed concerns that not being cloud-ready could be a significant barrier to accelerating their digital transformation efforts. -
85% of IT decision-makers also agreed that digital innovation strategies and transformation efforts were further compounded by significant shifts in consumer purchasing behaviors, with verticals like Retail, Distribution, and Transport (87% ) among the most impacted.
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Jennifer.Donahue@Teradata.com
Source: Teradata