Cybersecurity: Main focus for planned projects
IT leaders also revealed that adapting culture quickly to new ways of working is the number one challenge they need to overcome in the next 12 months. The findings are unveiled following a survey of 600+ attendees for the upcoming DTX: NOW event.
26 percent of respondents cited cybersecurity as the main focus for planned projects, followed by cloud (21 percent), data analytics (15 percent) and network infrastructure (14 percent). According to separate research there were more hands-on-keyboard intrusions in the first half of 2020 that in the entirety of 2019.
IT leaders revealed that adapting digital culture for a new world of work was the main challenge they need to overcome in the next year (18 percent), followed by automation of business tasks and processes (14 percent), and choosing the right cloud strategy (12 percent).
Most significant barriers to digital transformation projects
The biggest barriers to delivering digital transformation projects on time and on budget reflect changing organizational dynamics that are being intensified by COVID-19. The most significant barrier to projects was revealed to be changing scope (29 percent of respondents), reduced budgets (24 percent) and changing team structure (17 percent).
The data also indicates that digital transformation has become a priority for businesses of every size. 58 percent of projects are anticipated to come in at less than £250,000, and just 22 percent have a budget of over £500,000 and 10 percent over £1 million.
“COVID-19 is a catalyst for digital transformation, but it’s a leveller too. We’re hearing from IT leaders that there is a shift in which technologies businesses are investing in.
“Ensuring the vast majority of employees could work from home practically overnight has exposed issues with IT strategy, and modernising the core tech stack has become an immediate priority for just about every organization”, said James McGough, managing director of Imago Techmedia.
“Many businesses have found that areas like cybersecurity measures, network infrastructure and cloud strategy need urgent adaptation for a distributed workforce.
“Some companies might be in a position to consider the likes of AI, blockchain and quantum computing, but the reality for most is that the future-looking, big ticket tech projects are on the back burner for now. Companies of every size are finding themselves restarting their digital transformation journeys,” McGough concluded.