Flexera Releases 2020 Digital Transformation Planning Report
Report provides an in-depth look at how IT leaders are approaching digital transformation
Itasca, IL - February 11, 2020 Flexera, the company that helps organizations realize technology’s power to accelerate their business, today released their 2020 Digital Transformation Planning Report. The inaugural report examines how organizations are approaching digital transformation, including priorities, challenges and strategies.
The report synthesized data from three recent surveys, and more than half of respondents—including CIOs and other senior IT leaders—rated digital transformation as their top 2020 priority, followed by cybersecurity, cloud and improving the customer experience.
Complete results and highlights are available in the 2020 Digital Transformation Planning Report. The report results are made available under an Open Source Creative Commons License so the data may be freely shared with the required attribution.
“The term ‘digital transformation’ is used for a wide range of things and can support a plethora of business goals and challenges,” said Jim Ryan, President and CEO of Flexera. “With this report, we wanted to peel back the layers and understand how organizations are prioritizing the initiatives needed to succeed with digital transformation – in whichever ways it means to them. We found that digital transformation is often coupled with cloud initiatives, but also needs robust security and governance in order to control risks and costs.
“Successful digital transformation requires investments in technologies, people and processes that drive business value,” Ryan continued. “This includes funding for critical initiatives that support the digital enterprise, including cloud and cybersecurity, and in turn deliver on the goal of improving customer experience. Success also requires effective governance of cloud-based assets and clear visibility into the cost of cloud resources.”
A few key highlights from the Flexera 2020 Digital Transformation Planning Report:
- Digital Transformation and Cloud
- AWS and Azure have the largest number of companies using their public cloud environments
- 84 percent of organizations surveyed have a multi-cloud strategy
- Governance and Cybersecurity
- 68 percent of organizations have passed the tipping point for maturity in terms of cloud adoption
- 84 percent of organizations report cloud governance is the top cloud challenge; however, lack of resources/expertise (79 percent) and security (81 percent) are close behind as major challenges
- Effective governance is a challenge for all respondents, regardless of cloud maturity level
- Customer Experience and Budget
- While centers of excellence often focus on such initiatives as cloud adoption, analytics/big data and artificial intelligence, those initiatives are all essential to improving customer experience
- 65 percent of companies plan to reduce the number of data centers, which will enable organizations to reallocate resources to initiatives that drive innovation and improve the customer experience
- Half of organizations surveyed spend more than $1 million per year on public cloud
For more information on the Flexera 2020 Digital Transformation Planning Report
The Flexera 2020 Digital Transformation Planning Report uses data from two Flexera reports and one Flexera survey:
- Flexera 2020 State of Tech Spend Report
A total of 303 global respondents from organizations with at least 2,000 employees.
Panel network includes professionals across industries and context areas, including C-suite executives and high-level IT managers with visibility into their organizations’ IT budgets
- RightScale 2019 State of the Cloud Report by Flexera
Subset of 456 respondents from enterprises of 1000+ employees were used for this report (pulled from total of 786 global respondents)
- Flexera 2018 SaaS Survey
728 respondents in finance, procurement and IT roles from enterprises of up to 5,000 employees were used for this report
Flexera saves customers billions of dollars in wasted technology spend. A pioneer in hybrid ITAM and FinOps, Flexera provides award-winning, data-oriented SaaS solutions for technology value optimization (TVO), enabling IT, finance, procurement and cloud teams to gain deep insights into cost optimization, compliance and risks for each business service. Flexera One solutions are built on a set of definitive customer, supplier and industry data, powered by Technopedia, that enables organizations to visualize their Enterprise Technology Blueprint™ in hybrid environments—from on-premises to SaaS to containers to cloud. More than 50,000 customers subscribe to Flexera’s technology value optimization solutions, delivered by 1,300+ team members worldwide. Learn more at flexera.com