TRENDING
priority in the next year. A further 32% are
allocating at least 20% of their IT budget to
new projects.
When it comes to innovation,
organisations are overwhelmingly looking
to the cloud. Almost three quarters
of businesses plan to invest in cloud
migration (70%) and the implementation
of cloud-native applications (68%) in
the next 12 months. This is followed by
efforts to increase data security, with 65%
intending to invest in improving identity
management services.
By contrast, only 20% will invest in
integrating data across systems to improve
business flow and customer view.
Both public and private sector organisations
are also taking an increasingly people-
centric approach to Digital Transformation.
In the next year, 80% said they would
24
INTELLIGENTCIO
incentivise staff retention through training,
accreditation and career development to
deliver on their innovation strategy. This is
compared to 71% who said they would do
so by investing in new technologies.
Limiting the possible
However, the survey also found that
organisations are constrained in what they
can achieve. A range of organisational
factors are preventing them from identifying
the problems they face as well as the
solutions they need.
For instance, companies have to contend
with the high chance of failure when
innovating. Willingness to fail is essential
to the success of new projects. Fortunately,
the majority either embrace failure if
it is recognised early enough to limit
costs (46%) or see it as a natural part of
innovation (10%).
“
ONLY BY
OBEYING SAMUEL
BECKETT’S
DICTUM TO ‘TRY
AGAIN. FAIL
AGAIN. FAIL
BETTER’ CAN
COMPANIES
TRULY UNLOCK
THE VALUE OF
THE CLOUD AND
NEW WAYS
OF WORKING.
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