Intelligent CIO LATAM Issue 17 | Page 23

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TELEFÓNICA TECH STUDY SHOWS 57 % OF COMPANIES PLAN TO INVEST MORE IN ICT IN THE NEXT TWO YEARS

A study from Telefónica Tech , which gathered responses from a total of 810 IT professionals in Spain , Brazil , Germany , the UK and the Republic of Ireland , finds 60 % of the IT professionals surveyed recognize that after the pandemic their company is better positioned in terms of ICT strategy , but 28 % confess that they are only concerned with immediate needs .

Organizations around the world significantly accelerated their adoption of technology services during COVID-19 to drive their Digital Transformation and boost their resilience .

Telefónica Tech ’ s Planting Digital Seeds for the Future study reveals that , although lack of budget is the main constraint to fulfilling their ICT strategy , 57 % of the global companies surveyed plan to invest more in ICT over the next two years and 35 % plan to invest the same amount .
The study , which gathered responses from a total of 810 IT professionals in Spain , Brazil , Germany , the UK and the Republic of Ireland , notes that the majority of organizations surveyed say the pandemic has accelerated their ICT strategy and they are now in a
The majority of organizations surveyed say the pandemic has accelerated their ICT strategy .
better position than before ( 60 %), but 28 % still say they are only dealing with immediate needs .
However , 81 % of global companies admit to having made urgent ICT purchases to adapt to pandemic conditions that will not bring them strategic value in the long term .
The study shows that 48 % of the organizations surveyed brought forward strategic ICT plans
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