How Covid-19 Is Driving Business Technology Spend In 2021

The survey of U.K. business leaders found that 70% of companies expect their IT spend to grow this year, with 69% planning to launch new digital projects, tools, or initiatives, and 65% intending to invest in a new field of technology, including artificial intelligence (AI), the Internet of Things (IoT), big data, and cybersecurity.

Cloud technologies are also on the radar, where 64% of businesses are planning to invest this year. Similar numbers are looking to enhance their customers’ digital experience (68%), while 67% intend to purchase new collaboration tools for staff.

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