Procurement · 27 September 2018

Technophobe firms fear going out of business within 5 years

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Over three-quarters of UK firms fear they might be out of business in 5 years’ time because they have been left behind by technology.

According to new research from Dell Boomi, three-quarters of UK firms said they were highly dependent on data, with 81% admitting they could be gone within five years without further investment in technology.

The poll, carried out by OnePoll, quizzed 250 IT decision makers in large UK businesses on the level of connectivity across their organisation, including the state of integration and the extent to which data and organisational silos exist.

It found that UK firms are already clearly focused on dealing with digital transformation issues with a third seeking to implement hybrid cloud solutions, cyber security and dealing with budget worries.
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Almost three in five of the organisations polled highlighted legacy software as one of the biggest challenges they face. Over a third want increased integration between their applications and almost one in four are facing issues with data siloes.

Businesses listed connectivity as a part of their current IT infrastructure they would be keen to improve, highlighting having complete transparency over data and communication between all relevant applications and data.

“Most large organisations are living with hybrid IT landscapes as they move applications to the cloud while maintaining legacy on-premise applications,” said Derek Thompson, vice president of EMEA at Dell Boomi.

“Ensuring connectivity and a single pane of glass across this landscape is critical to the three-quarters of companies that admit to being highly data driven – as yet only one in four see themselves as ‘very connected’.

“There is a tremendous opportunity for businesses to accelerate their IT modernisation agendas by utilising single platform solutions that support integration and management of data across legacy on premises applications, in the cloud and in a hybrid application landscape.”

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