A leading tech firm says digital transformation will hold the key to unlocking recovery across the economy.
In a new special report the Connectus Group revealed that more efficient use of technology could boost the economy by some £413 billion between now and 2030.
This is the equivalent of adding 19 points to the nation’s GDP.
Connectus’ report details the financial benefits which can be delivered through successful digital transformation.
And it highlights the key drivers underpinning modern digital transformation projects as well the barriers which exist to delivery.
It also lays bare how outsourcing can help provide the solution to rolling out an effective transformation strategy.
Roy Shelton, CEO of Connectus Group based in Doncaster said: “The last few years have not been easy. We’ve lived through concerns about the impact of Brexit, a global pandemic and now a cost-of-living crisis.
“For businesses, it has made it even more important to be willing to pivot, embrace change, and consider new ways of working. The sheer pace of the challenges which have been thrown at UK plc since 2020 means business owners would be forgiven for not having time to pause, reflect and review the journey they’ve been on.
“But as we continue to move out of the pandemic, and hopefully away from economic turmoil, now is the perfect moment to take a breath. And that’s why the Connectus Group has chosen this moment to roll out a new strategy for digital transformation which will help businesses make the next step in their growth journey.
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“Journey is the keyword. Any digital transformation strategy is a journey. It starts with exploring, agreeing, and embracing a strategic vision, and then ensuring the IT strategy and delivery programme drives it forward.
“Digital transformation is a growing priority for corporations trying to find new and innovative ways of filling their teams and goals at a time of economic restraint. And Connectus is incredibly well-placed to satisfy this demand.”
Mr Shelton’s comments come in the wake of a major survey into digital transformation.
IT Leaders: The Future Outlook Report 2023 polled more than 1,000 respondents across more than seven industries in the UK, Ireland, the Nordics and the Gulf states, and found IT leaders continuing to prioritise digital transformation and interoperability of technologies to achieve strategic, financial and operational business objectives in 2023.
It showed that respondents had to balance their digital innovation investments against a variety of current challenges affecting their organisation such as talent shortages, supply chain disruptions, macroeconomic cost inflation and geo-political realities, including complex global sanctions and de-globalisation.
It found 62% see digital transformation is a high priority in 2023, but among this group, 77% are only in the planning stage of projects and 56% currently do not have a digital transformation project; 76% of respondents have heard of composable ERP, and 84% of this group are expected to make investments in composable ERP in 2023; 47% feel the increased cost of living has led to the inability to meet salary expectations for new and existing staff; 67% want to reduce legacy enterprise application support costs by switching to third-party support.