In 2023, 76 percent of companies globally stated that cybersecurity was the leading priority for their company's information technology (IT) initiatives. Digital transformation has also been the leading priority for information technology (IT) initiatives for global companies since 2020 and up until 2022. Strategic cloud migration has increased considerably among priorities for IT initiatives compared to the previous year.
Examples of digital transformation
Digital transformation refers to integrating digital technology into several business areas to deliver more value to customers. In other words, manual or non-digital processes become digitized and automated, which leads to higher efficiency and innovation. A specific example of digital transformation is the increasing integration of online collaboration tools for work, such as Zoom and Microsoft Teams. These subscription-based products are very popular because of their cost-efficiency.
Digital transformation increases the need for security
However, as work processes become increasingly digitized, the need for information security increases along with it, which results in growing global spending on information security products and services. Protecting internet-connected systems from cyberthreats remains an important priority for organizations, as well as trying to mitigate the chances of becoming victims to hackers.
Priorities for IT technology initiatives in companies worldwide from 2020 to 2023
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2020
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2022
2023
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Flexera Software. (November 15, 2023). Priorities for IT technology initiatives in companies worldwide from 2020 to 2023 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1106032/top-priorities-it-technology-initiatives/
Flexera Software. "Priorities for IT technology initiatives in companies worldwide from 2020 to 2023." Chart. November 15, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1106032/top-priorities-it-technology-initiatives/
Flexera Software. (2023). Priorities for IT technology initiatives in companies worldwide from 2020 to 2023. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1106032/top-priorities-it-technology-initiatives/
Flexera Software. "Priorities for It Technology Initiatives in Companies Worldwide from 2020 to 2023." Statista, Statista Inc., 15 Nov 2023, https://www.statista.com/statistics/1106032/top-priorities-it-technology-initiatives/
Flexera Software, Priorities for IT technology initiatives in companies worldwide from 2020 to 2023 Statista, https://www.statista.com/statistics/1106032/top-priorities-it-technology-initiatives/ (last visited September 01, 2024)
Priorities for IT technology initiatives in companies worldwide from 2020 to 2023 [Graph], Flexera Software, November 15, 2023. [Online]. Available: https://www.statista.com/statistics/1106032/top-priorities-it-technology-initiatives/