Security News > 2021 > October > Organizations must reevaluate IT investments to advance their digital transformation

To advance their digital transformation initiatives and fully realize the possibilities that emerging technologies - like AI, IoT and multi-cloud - offer, organizations must first reevaluate how they invest in IT. A research report conducted by Vanson Bourne in August 2021, explores global sentiment around data-driven transformation investments this year and beyond, and reveals where organizations are placing their bets to set themselves up for success in the years to come.

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.

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.

Lack of cloud-readiness undermines digital transformation.

82% expressed concerns that not being cloud-ready could be a significant barrier to accelerating their digital transformation efforts.

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