Insight report
2023 Insight Intelligent Technology Report:
Are We Entering a New Era of Innovation? An IDC InfoBrief, sponsored by Insight
By Insight Editor / 8 Jun 2023 / Topics: Solutions Integrator IT optimization Featured Digital transformation
We’re experiencing accelerated technology innovation amidst a continuous current of economic uncertainty.
To succeed in the next phase of digital business growth, organizations must optimize for innovation. This means using technology to deliver value to the business while addressing core IT issues, such as cybersecurity, legacy architectures and technical debt.
The 2023 Insight Intelligent Technology™ Report uncovers how the ongoing uncertainty of the global economy and other events are influencing the priorities, challenges and progress business leaders are experiencing across a multitude of industries and continents.
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Gain more insight into the technology priorities of business leaders in the full report.
The way forward? Optimize to innovate.
While the groundwork for innovation was laid in the years of the COVID-19 pandemic, organizations now must maximize their technology investments in parallel with innovation.
44%
of respondents said their organization’s digital spend will be unchanged over the next 12 months. Only about one-third (33%) plan to increase spend more than originally planned.
46%
claim legacy technology/technical debt is holding back their organizational strategy.
61%
say they expect to see impactful ROI through digital business capabilities in the next 12 months.
The top business priorities in the next 12 months include:
✔ Increasing revenue
✔ Driving innovation
✔ Improving operational efficiency
49% say the ability to keep up with technological innovation compared to competitors is one of the greatest threats to their organizations over the next 12 months.
Digital transformation is a cross-functional effort.
Unlike finance, HR or marketing, digital transformation/technology is not wholly owned within the functional business unit of “IT.” In fact, executives at the highest level of an organization — as well as functional business leaders — are actively moving digital transformation initiatives forward.
66%
say the CEO is actively involved in defining the digital strategy.
80%
of organizations see IT collaborating closely with the business to deliver operational innovation.
61%
have a long-term digital transformation strategy tied to organization-wide business goals.
The top influencers of digital business initiatives in the next 12 months include:
Most organizations, certainly over the last decade, have become more data-driven organizations. Understanding the real value of data allows you to be able to look at the things that you might be implementing, and then really put that lens on and look around and ask, “How much value am I getting out of this data?”
Carm Taglienti
Insight Chief Data Officer and Distinguished Engineer
Are we there yet?
Most organizations are on the journey to becoming a fully digital business, but there is still a long way to go.
53%
say privacy or security concerns are the most significant challenge standing in the way of their organization's digital transformation.
75%
say their business function is very dependent on innovation.
29%
of organizations saw a significant proportion (up to 50%) of their digital initiatives not reach completion or fail to meet their expected outcomes.
From one leader to another.
This year’s Insight Intelligent Technology Report reveals most organizations understand that success means transforming into a digital business. Amid today’s economic uncertainty — and a world of accelerated change — my peers often share their struggles to balance staying relevant with managing a bottom line in which every dollar matters.
Innovation today now means optimizing business processes to maintain productivity and share of constricted markets, modernizing technology to overcome internal roadblocks and taking defensive measures to shore up organizational resiliency.
There aren’t many who can handle this alone.
After reading the report, I encourage you to find out how we’re helping our clients be ambitious about their goals to become a modern, digital business.
Joyce Mullen
Insight President and CEO
Insight gets you further, faster.
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All data and information from this page is from the IDC InfoBrief, sponsored by Insight, 2023 Insight Intelligent Technology Report: Are We Entering a New Era of Innovation? IDC #EUR150678623, June 2023.
