S&P Global Market Intelligence Information Technology Outlook Report Finds Digitization Leaders Outperform In Equity And Credit Markets

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Published by 451 Research, the enterprise technology research unit of S&P Global Market Intelligence, the report sheds light on the impacts of digitization on the customer experience, the need for technological innovation in the workplace and digital enhancements, including machine learning and automation to manage and secure the digital infrastructure required to keep organizations competitive.

“Organizations need to become more data-driven and develop skills across all lines of business to put data to work for their customers, employees and partners,” said Eric hanselman, Senior Research Analyst at 451 Research. “Businesses will need to acquire the skills to manage and secure a hybrid set of resources and services if they are to remain competitive in their markets and be an attractive place to work. “

Based on information and survey data from 451 Research, the main highlights of the report include:

  • Formal digital transformation strategies have accelerated over the past decade, with 54% of companies having formal strategies in place, up from 43% in 2019 and 29% in 2016.
  • 54% of organizations are increasing their proportion of cloud workloads, with 57% saying they are using a hybrid cloud model.
  • With the “Great Resignation” underway, technology in the workplace is playing a bigger role in where people choose to work. 35% said they were likely to take a new job if the only difference from their current job was better availability of devices, apps, and other productivity tools.
  • 72% of organizations using machine learning in production say they are “very” or “somewhat concerned” about the environmental impact of AI, but operational deployments of AI can reduce power consumption.
  • Cybersecurity requirements for digitization and other technology initiatives have exceeded $ 5 billion in M&A activity over the past year.

The S&P Global Market Intelligence 2022 Information Technology Outlook Report is part of a “Big Picture Outlook” series published by the division’s research group that provides insight into key trends and strategic opportunities. To learn more about this “Big Picture Outlook” research series, please visit here.

To request a copy of the report, please contact [email protected].

S&P Global Market Intelligence’s 451 Research unit provides expert analysis, proprietary data and timely thought leadership for emerging high-growth technology sectors. This enterprise technology research offering complements S&P Global Market Intelligence’s broad universe of research sector coverage, including energy, financial institutions, metals and mining, and TMT (technology, media and telecommunications).

S&P Global Market Intelligence opinions, quotes and analysis related to credit and others are statements of opinion as of the date expressed and not statements of fact or a recommendation to buy, hold or sell. securities or making investment decisions, and do not address the adequacy of a security.

About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, in-depth and relevant information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, businesses and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world’s leading provider of credit ratings, benchmarks and analysis in global capital and commodities markets, offering ESG solutions, in-depth data and information on critical business factors. S&P Global has been delivering critical intelligence for more than 160 years that unlocks opportunity, drives growth and accelerates progress. For more information visit www.spglobal.com/marketintelligence.

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SOURCE S&P Global Market Intelligence

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