Digital disruption has always been disruptive — the keyword is disruption. The disruption transforms how companies move forward and how they do business. In 2020, the COVID-19 pandemic majorly impacted the world; it disrupted how companies operated whether they were embracing digital transformation or not, shuffling the list of company priorities and causing significant budget changes.
Per IDG, “In the beginning of 2020, 59% of IT leaders expected their IT budgets to increase over the next 12 months while only 7% expected a decrease in budget.” However, in 2020, COVID drastically changed IT budgets and shifted pre-determined plans. IDG also reported that today, the top 3 priorities for IT still align with Pre-COVID prioritizations, with:
- Cost control — 45%
- Improving IT operations — 38%
- Redesigning business processes — 37%
The lengthy pandemic is proving that while it makes sense to put some projects on hold, companies should continue to press on with their strategic transformation initiatives to ensure continual growth.
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