As the coronavirus pandemic continues to impact on businesses around the world, positive news can be hard to find.
But thankfully, it isn’t all doom and gloom in the worldwide economy.
More than two thirds of businesses have revealed they plan to increase or maintain their digital transformation spend amid the pandemic, according to a global survey by computer software supplier, IFS.
In fact, the Digital Transformation Investment in 2020 and Beyond report found more than half of companies (52%) planned to spend more on tech-led transformation projects.
Pandemic fuels enthusiasm for investment in tech
Antony Bourne, Senior Vice President of IFS Industries, said: “The study confirms that many companies are wisely using the global downturn to divert resources to technological renewal and innovation.
“As the majority of businesses are adapting to the anticipated economic recovery, and not permanently scrapping digital transformation initiatives, there is reason to believe that companies with a progressive mindset toward technology investment will be well equipped to rebound.”
IFS (Industrial and Financial Systems) supplies enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations.
Enterprise software – it’s not just for Covid-19
The report found only 19% of firms planned to spend less on digital transformation initiatives, while just 3% planned to spend nothing on this area in the near future.
Antony added: “While enterprise software will doubtlessly play a role in accelerating recovery, it is important to remember its vital role in helping companies here and now.
“Providing the necessary process transparency and analytics to ensure effective and informed decision-making is critical in these trying times. Nothing less than a considered and resolute attitude toward adopting digital transformation will help companies thrive, now and in the future.”
Helping you work smarter
The research also highlights the importance of innovation in the enterprise software industry – and the need for IT firms to focus on delivering the best possible results for their clients.
When asked what would help them trust IT vendors more, survey respondents cited: delivering on time (46%); support before, during and after project delivery (42%); and delivering projects that are faster to realise value (37%).
And that is something we wholeheartedly agree with.
At Gtech Group, we help businesses in the UK and across the world to work smarter and achieve their goals. We’re specialists in IFS, a type of enterprise resource planning (ERP) software that will help your main business processes to run smoothly and efficiently.
IFS expertise
Our team provide IFS support, development, consultancy and training to businesses in a wide range of sectors, from manufacturing, service, oil and gas, to food, retail and defence.
We can help you put your system in place and train your team on how to use it. Plus, we can provide you with ongoing IFS support through our 24/7 helpdesk.
