Dive Temporary:
- Practically seven out of 10 enterprise leaders rank useful resource optimization because the top priority for their technology investments this yr, in keeping with Grant Thornton analysis.
- The research exhibits that as expertise spending rises, corporations are studying classes on easy methods to optimize their funding returns, in keeping with a report on the findings.
- “The previous playbook of massive bang deployments is fading quick,” the report mentioned. “Leaders are adopting extra iterative approaches that permit them to adapt rapidly and drive greater margins over time.”
Dive Perception:
Worldwide data expertise spending is expected to total $5.43 trillion in 2025, a rise of seven.9% from 2024, in keeping with a Gartner forecast final month.
“Whereas there’s a enterprise pause on net-new spending because of a spike in international uncertainty, the impact is subsumed by ongoing AI and generative AI (GenAI) digitization initiatives,” John-David Lovelock, a distinguished vice chairman analyst at Gartner, mentioned in a press launch on the time.
Corporations method spending extra cautiously amid financial uncertainty and geopolitical dangers, Gartner mentioned. Competitiveness is a main motive why enterprises will put money into expertise and enterprise change regardless of an “eroding setting,” it mentioned.
In addition to macroeconomic challenges, CFOs and different enterprise leaders should additionally grapple with easy methods to optimize their tech investments amid rising prices.
Giant enterprises on common lost $104 million in 2024 due to IT inefficiencies, digital adoption platform supplier WalkMe present in a research launched this yr.
In keeping with Grant Thornton’s report, most executives (93%) plan to extend their tech investments this yr, however the “aggressive edge is now not in giant, monolithic techniques.”
“Trendy tech permits for modularized deployment,” Grant Thornton Expertise Modernization Principal Tony Dinola mentioned within the report. “As an alternative of 24- or 36-month tasks, we’re speaking six- to eight-week cycles. You get worth sooner and might cease if it’s not delivering.”
