g-f(2)71 THE BIG PICTURE OF DIGITAL TRANSFORMATION: IBM Study, Majority of surveyed companies are not prepared for IT needs of the future. Significant differences in the U.S. and U.K. markets.

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.

• While the majority (60%) of CIOs and CTOs surveyed say their company's IT modernization is not yet ready for the future, the study revealed significant differences in the U.S. and U.K. markets.
• The pressures on IT infrastructures brought on by the COVID-19 pandemic have further accelerated the need for cloud infrastructure, professional skills development, and security upgrades, the survey found.

Genioux knowledge fact condensed as an image

The “genioux facts” Knowledge Big Picture (g-f KBP) charts

Condensed knowledge  

• IBM Study, METHODOLOGY. 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.
• While the majority (60%) of CIOs and CTOs surveyed say their company's IT modernization is not yet ready for the future, the study revealed significant differences in the U.S. and U.K. markets. 
• For example, while approximately 56% of U.S. respondents say they are aggressively moving their IT infrastructure to hybrid cloud, only 38% of respondents in the U.K. describe their approach as aggressive.
• While 56% of CIOs/CTOs surveyed in the U.S. say their IT infrastructures were completely prepared for the business changes brought on by COVID-19, only 23% of U.K. managers surveyed felt as prepared.
• 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. 
• More than 95% of IT leaders surveyed said they are looking to adopt public, hybrid or private cloud strategies. Of those, many are moving at an aggressive pace -- the study reveals that 53% of respondents are aggressively pursuing a public cloud strategy, 48% a hybrid cloud strategy and 45% a private cloud strategy.
• The pressures on IT infrastructures brought on by the COVID-19 pandemic have further accelerated the need for cloud infrastructure, professional skills development, and security upgrades, the survey found.
• More than 60% of technology leaders surveyed say they expect increased demand for cloud infrastructure to be permanent.
• Most CIOs and CTOs (67%) surveyed cite the need for increased infrastructure flexibility as driving the digital transformation, followed by the need for competitive advantage (61%), cost savings (58%), increasing globalization (54%) and meeting client demands (45%).
• A full 40% of survey respondents do not feel their teams have the right skills to fully meet their IT ambitions, and more than three in four surveyed say they will rely more on trusted partners that can provide managed infrastructure services.

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.