Priorities for IT technology initiatives in companies worldwide 2020-2023

In 2023, 76 percent of companies globally stated that cybersecurity was the leading priority for their company's information technology (IT) initiatives. Digital transformation has also been the leading priority for information technology (IT) initiatives for global companies since 2020 and up until 2022. Strategic cloud migration has increased considerably among priorities for IT initiatives compared to the previous year.

Examples of digital transformation

Digital transformation refers to integrating digital technology into several business areas to deliver more value to customers. In other words, manual or non-digital processes become digitized and automated, which leads to higher efficiency and innovation. A specific example of digital transformation is the increasing integration of online collaboration tools for work, such as Zoom and Microsoft Teams. These subscription-based products are very popular because of their cost-efficiency.

Digital transformation increases the need for security

However, as work processes become increasingly digitized, the need for information security increases along with it, which results in growing global spending on information security products and services. Protecting internet-connected systems from cyberthreats remains an important priority for organizations, as well as trying to mitigate the chances of becoming victims to hackers.