More than half (57%) of companies are rethinking their business models due to advances in technology, such as AI, automation and data analytics, claim Nimbus Ninety and Ensono, a cloud solutions and hybrid IT services provider.
Almost half (43%) of UK business decision-makers surveyed cited keeping pace with changing technology as the most significant business challenge for the year ahead.
This is reflected in spending priorities for 2017, which include investment in infrastructure and processes to support new applications. Cloud (44%), infrastructure (43%) and agile transformation (35%) are three of the top five priorities.
The survey also highlighted a worrying skills gap, with only 35% of organisations having the skill set needed to manage their digital transformation. To plug this gap, 41% are working with a solutions vendor and more than a third are working with a consultancy or design agency.