According to a recent report conducted by technology consultancy esynergy, top-level executives at prominent UK organizations are looking for more efficient ways to value their IT projects and validate their digital investments.
esynergy conducted an extensive report in July-August 2022 to gain insight into how well technology projects are aligned with business goals.
Current state of technology projects for UK companies
To this end, esynergy’s research partner Censuswide surveyed over 500 senior technology decision makers in UK companies with over 200 employees. The insightful study ‘Are Technology Projects Delivering the Business Value We Expect?’ provides an in-depth overview of the current state of technology projects within UK companies.
According to the esynergy report, most participants struggled to determine the success of their IT projects, with 58% admitting they were unable to relate them to business goals.
These respondents were keen to invest in technology solutions such as energy costs and skills shortages, but found it difficult to calculate ROI or identify ongoing value from technological advancements. rice field.
Key findings of the report include:
- Nearly half (46%) of organizations that have adopted the above technology projects failed to meet business goals, took longer to implement than expected, or were never adopted.
- More than a third (36%) say they have insufficient metrics to demonstrate the impact of their technology projects.
- Nearly two-thirds (62%) said it would be a clear differentiator for technology vendors if they provided metrics on goals and progress.
- More than a quarter (35%) of organizations plan to spend their budgets on cloud and platform implementations over the next 12-18 months.
The report concludes that organizations need better metrics to assess business requirements and the effectiveness of technology initiatives in meeting those needs.
“The lack of reliable yardsticks by which technology projects can be evaluated is worrying,” writes Mark Chillingworth, author of the report. “This is a time when CEOs and boards are demanding digital transformation and are poised to make significant technology investments.”
For more information on measuring the value of technology projects, or to learn more about esynergy and its services, please visit www.esynergy.com. esynergy.co.ukThe full report can be downloaded here. https://esynergy.co.uk/market-research-delivering-value-2022/.
esynergy is a technology consulting company Accelerate client business value. We work with companies and scale-ups in highly regulated industries to build scalable platforms, products and services. They are committed to providing high quality services that meet the needs of their clients and exceed their expectations.
As part of its value-added services, esynergy operates a dedicated community engagement program designed to help clients elevate their technology and digital brands by attracting talent and engaging with diverse communities. .
One of the core values of esynergy is to foster diversity, belonging and inclusion across our internal organization, clients and related communities. The company is a signatory to the Tech Talent Charter and the Race at Work Charter and is a disability-confident employer.
Sustainability is a fundamental aspect of esynergy’s culture and the company is dedicated to reducing its carbon footprint through various initiatives.
For example, more than 90% of waste is recycled, encouraging greener modes of transportation and offsetting the company’s carbon footprint. esynergy partners with Ecology and he saves one tree from the earth at a time. As a result, every employee plants 10 trees every month, reducing his CO2 equivalent to 9 tons per year.
esynergy’s technology solutions are designed to meet our clients’ business goals and deliver maximum impact and value. The company’s experts include top 5% associates who form key delivery teams, celebrities who provide advisory services during critical project stages, and delivery partners who provide vertical technical expertise. By bringing together this diverse pool of experts, esynergy provides solutions that meet the most pressing technical needs of our clients.
The London based company has delivered projects to UK and international companies and organizations including NatWest, Mettle, HMRC, HMPO and Taxually. Drawing on a trusted community that has been built and nurtured since 2001, esynergy handpicks a team of domain and technology experts for each engagement.
This article was written and distributed by Wealth of Geeks.