Study of digital transformation budget trends
IFS surveyed 200 industrial executives on their budget plans for digital transformation, to find out how much companies are budgeting and what they are spending their money on.
- Just over half of respondents expect their budget for digital transformation initiatives to increase in the next two years.
- Just over 20 percent of respondents said their enterprise software did not do a very good job of preparing them for digital transformation or was an impediment.
- Companies have already made software investments to prepare for digital transformation.
- While IoT, AI and AR grab headlines, predictive analytics are the most frequently budgeted transformational technology for the next two years.
Download the entire study for deep insights into the state of the industry.
File Information: Research Reports and Studies, pdf 1.8 MB