1Poor Data Sharing, Outdated IT Leads to Costly ‘Digital Downtime’
The majority of executives encounter frustrations with their organization’s technologies, primarily because they waste too much time attempting to track down and share digital information, according to a recent survey from PointSource. The survey findings reveal that, on average, these inefficiencies cost companies more than $7,500 a year per employee. Infighting between departments over tech budgeting and resources—in addition to outdated IT resources—creates issues as well. With emerging tech accounting for a significant share of IT spending, business and IT leaders are under pressure to resolve these problems. More than 600 senior-level decision makers took part in the research. The following are highlights from the survey, with charts provided courtesy of PointSource.
2Tech Deployment Barriers Cause Frustrations
PointSource reports that 57 percent of survey respondents are unsatisfied with one or more of the technologies that their organization relies upon. When asked to list obstacles impacting the deployment of tech, 90 percent said they waste too much time trying to track down and share digital information internally.
3Digital Frustrations Lead to Downtime
4Wasted Time Costs Companies Thousands per Employee Every Year
5IT Issues Triggered by Internal Infighting
6CEOs Lead Tech Purchase Decisions
7IT Decisions Mix Business. Personal Interests
8Voice-Activated Tech, Blockchain Gain Buy-in
9Businesses Embracing AI
10Voice-Activated Tech Tops IT Budget Priorities
Among tech departments exploring these technologies, 35 percent plan to allocate more than one-quarter of their budget to voice-activated technology and 31 percent plan to devote that much to facial-recognition technologies. Three of 10 plan to allocate one quarter of their budget to blockchain and 28 percent plan to do so for AI.