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Unsuccessful tech projects get axed during the pandemic

Unsuccessful tech projects get axed during the pandemic
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Digital transformation momentum to continue

Digital transformation momentum to continue
A survey of 750 UK business leaders, conducted by Studio Graphene, has found that the pandemic has affected long-term digital transformation plans with UK businesses set to increase IT spending and hiring in the year ahead.
The research found that the majority (54%) plan to continue digital innovation projects even once the pandemic subsides and since the pandemic hit, 56% of companies have successfully adopted one or more new technologies. Some 45% of businesses plan to hire new IT staff in the coming 12 months, while 53% plan to invest more heavily in digital skills training for existing staff.
The research did, however, show that a quarter of UK business leaders plan to reverse their companyâs technology priorities in the coming year, with 27% planning to cut back the amount spent on technology post-pandemic. In fact 30% were worried that their organisation would revert to old ways of working. ....

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Businesses are on the hunt for technology talent

09 June 2021
As digital transformation projects continue past the pandemic, businesses are looking to add more brainpower to their arsenal.
(Image credit: Image source: Shutterstock/gpointstudio)
The pandemic has inspired many businesses to move forward with their digital transformation plans, which also means hiring new staff and upskilling their current employees.
This is according to a new report from digital product agency Studio Graphene, which claims that, out of 750 UK decision-makers polled for the report, almost half (45 percent) plan to hiring new tech staff in the next 12 months.
Meanwhile, more than half (53 percent) plan to invest in digital skills training for their current employees. ....

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Payments Systems of the Future – Bankless Times

Payments Systems of the Future – Bankless Times
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Exclusive: 65 per cent of UK companies plan to increase investments in tech

Also three in ten of UK businesses lost time and money on unsuccessful digital transformation projects.
Skills
When asked about the challenges of adopting new technologies, 28 per cent of decision-makers admitted that their business lacks the skills to do so, while 29 per cent said they struggle to keep pace with technological developments.
Over a fifth are disappointed in the way their business has handled IT projects during the pandemic.
Nevertheless, Studio Graphene’s research, a survey of 750 business owners across the UK, found that 62 per cent plan to launch new digital transformation projects in the next twelve months.
“Failure is part and parcel of innovation, so these findings should not discourage businesses that are working to upgrade their technology,” commented Ritam Gandhi, founder and director of Studio Graphene. ....

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