New research commissioned by UST , a digital transformation solutions company, has revealed the most prevalent challenges delaying digital transformation across UK industries. The survey has found that a third of large UK companies cite a lack of in house technical skills (33%), and too many legacy IT systems in place (33%) as key factors in halting digital transformation efforts. Another key factor raised by nearly a third of respondents was concern amongst their workforce about automation taking away jobs (31%). While UK digital spending is projected to increase 5.2% year-over-year in 2023, the findings show UK businesses are unable to fully take advantage of technology advancements. 200 senior decision makers in large UK companies with an average turnover of over £9 billion were surveyed, so the research may not represent issues affecting SMEs. For these larger companies, the survey found that adopting the right technologies can help organisations build resiliency, reduce operating costs and improve sustainability. In terms of immediate benefits of investing in digital transformation, respondents rated building resilience to cope with future disruption highest (41%), followed by lowering costs and increasing profitability (40%) and improving sustainability (39%). According to respondents, cloud computing is the most important […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
