g-f(2)70 THE BIG PICTURE OF DIGITAL TRANSFORMATION: IBM, Majority of Surveyed Companies are Not Prepared for IT Needs of the Future

Extra-condensed knowledge

Between November 19th and December 1st, 2020, the Managed Infrastructure Services unit of IBM's Global Technology Services division surveyed 380 CIOs and CTOs at mid-sized ($/£50 million - $/£999 million in annual revenue) and large corporations ($/£1 billion + in annual revenue) in the United States and the United Kingdom (210 in the U.S., 170 in the U.K.). The survey was conducted online by Teneo Research.

• 60% say their company's IT modernization program is not yet ready for the future. 
• Nearly a quarter of CIOs and CTOs (24%) surveyed say their company is just starting its IT modernization journey or has yet to begin modernizing, with about a third surveyed saying they are still in the midst of transformation.

Genioux knowledge fact condensed as an image

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from IBM]

Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact". 

• Inherited from sources + Supported by the knowledge of one or more experts + Supported by a survey.

Authors of the genioux fact

Fernando Machuca

References

IBM Study: Majority of Surveyed Companies are Not Prepared for IT Needs of the Future, Say U.S. and U.K. Tech Leaders, Jan. 4, 2021, IBM.