COVID-19 forces one of the biggest surges in technology investment in history, finds world's largest technology leadership survey

- Huge surge in IT spend isn't sustainable – as 2020/21 technology budgets come under more strain -Huge surge in IT spend isn't sustainable – as 2020/21 technology budgets come under more strain -  8 in 10 IT leaders concerned about the mental health of their tech teams due to the pandemic LONDON,Sept. 22, 2020/PRNewswire/ -- Companies spent the equivalent of aroundUS$15bn[1]  extra a week on technology to enable safe and secure home working during COVID-19, reveals the...

LONDON, 22/09/2020 (informazione.news - comunicati stampa - editoria e media)

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LONDON , Sept. 22, 2020 /PRNewswire/ -- Companies spent the equivalent of around US$15bn  extra a week on technology to enable safe and secure home working during COVID-19, reveals the 2020 Harvey Nash /KPMG CIO Survey. This was one of the biggest surges in technology investment in history – with the world's IT leaders spending more than their annual budget rise in just three months, as the global crisis hit, and lockdowns began to be enforced.

The largest technology leadership survey in the world of over 4,200 IT leaders, analyzing responses from organizations with a combined technology spend of over US$250bn , also found that despite this huge surge of spending, and security & privacy being the top investment during COVID-19, 4 in 10 IT leaders report that their company has experienced more cyber attacks.

Full release here.

David Pippett
ProServ PR
david@proservpr.com 
+44 (0) 7899 798197

Michelle Thomas
Harvey Nash
michelle.thomas@harveynash.com
+44 (20) 7333 2677

Amy Greenshields
KPMG International
+1 416 777 8749
amygreenshields@kpmg.ca

[1] See notes to editors.
[2] See notes to editors.

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