Digital transformation represents a momentous revolution that permeates and profoundly alters the economic, social and cultural fabric of modern societies. It is not just a technological process, but a complete transformation in the ways organizations operate and people interact. In an era where technology is advancing at a dizzying pace, embracing digital transformation is essential to remain competitive and sustainable
From a business perspective, it enables process optimization, access to new markets and the creation of innovative products and services. Businesses that adapt to new technologies can improve operational efficiency, reduce costs and deliver a better customer experience, thereby gaining a significant competitive advantage.
Ignoring it could lead to the risk of obsolescence and loss of competitiveness. Conversely, adopting a digital-first mindset can open up new opportunities, improve efficiency and foster innovation, helping to shape a more dynamic and connected future.
Worldwide IT spending grows by 4.7 percent
According to Gartner, worldwide IT spending by 2023 will reach $4.7 trillion with a 4.3 percent increase over 2022. CIOs, always on the lookout for IT talent, are shifting spending to technologies that enable automation and efficiency to drive growth at scale with fewer employees.
Strong growth in the software segment has been observed this year as organizations are increasing utilization and reallocating spending toward core applications and platforms that support efficiency gains, such as enterprise resource planning (Erp) systems and customer relationship management (Crm) applications
Digital transformation is the global priority
According to International Data Corporation's (Idc) Worldwide Digital Transformation Spending Guide, digital transformation remains a global priority as value creation relies on the use of technology for processes, products, services and experiences. Global spending on digital transformation is expected to reach nearly $3.9 trillion in 2027, with a five-year annual growth rate of 16.1 percent. In 2023, the U.S. will account for 35.8 percent of global spending dedicated to Digital Transformation, a figure nearly matched by the Asia/Pacific region (including Japan and China) with a 33.5 percent share of spending. Europe, the Middle East and Africa (Emea) will account for 26.8 percent of global spending.