Story image

Survey shows Brexit driving digital transformation and opportunities

16 Nov 2017

Interoute has revealed the findings from its latest research.

In the survey of over 800 European IT decision-makers, the general consensus was positive for business confidence with 63 percent anticipating high growth in the year ahead.

Despite its turbulent outlook, the UK was only slightly behind the average with 61 percent. And the reason? Brexit.

As the political climate presents opportunities for those countries and companies that can move at pace, on average 70 per cent believed Britain leaving the EU was an opportunity for their company.

Business confidence surrounding Britain leaving the EU was highest in France (83 per cent) and Belgium (78 per cent) but lowest in Sweden (49 per cent).

The outlook surrounding Brexit is generally positive across Europe, however, a staggering 63 percent believe it could ultimately result in the disintegration of the EU – this sentiment was significantly stronger in Germany (78 percent), France (70 percent) and Italy (66 percent).

Brexit has already had a significant impact, with 95 percent admitting it had affected their decision-making processes.

“The UK and mainland Europe is in the middle of a period of political uncertainly, which is impacting IT decision makers across all sectors,” says CTO of Interoute, Matthew Finnie.

“The more ambitious organisations see this as a time of opportunity where the right technology investments will result in high growth and an enhanced experience for employees and customers alike.”

The research shows as organisations have been forced to respond to the changing business landscape, the majority of IT leaders have shifted their infrastructure choices to focus on driving more agility.

In total, 61 percent of European organisations are pursuing digital transformation projects. The UK follows closely behind the European average with 60 per cent of IT decision-makers investing in technology that allows them to continuously innovate and maintain a competitive edge.

Furthermore, the top drivers for digital transformation projects were cited as reducing costs by improving operations (46 percent), enhancing the employee experience through more mobile and social capabilities (45 percent) and improving the customer experience (41 percent).

Finnie says changing foreign policy politics, Brexit and even new GDPR regulations are forcing organisations to review the legal, financial and operational aspects of their business.

“Digital transformation is about creating an organisation that is flexible enough to respond to market and geopolitical changes,” says Finnie.

“Organisations that move now to ensure they have the right digital infrastructure foundation in place will undoubtedly be the best placed to succeed in these uncertain times.”

In ongoing cloud war, Google to acquire data migration specialist
Google is currently behind AWS and Microsoft in the cloud battle, and it would seem this play is an attempt to claw some ground back.
Interview: CyrusOne’s new Europe president on aggressive expansion
In this exclusive interview Tesh Durvasula shares how the company plans to have a Europe data centre portfolio providing nearly 250 MW by the year’s end.
Enterprise cloud deployments being exploited by cybercriminals
A new report has revealed a concerning number of enterprises still believe security is the responsibility of the cloud service provider.
Pure Storage expands enterprise data management solutions
It has integrated StorReduce technologies for a cloud-native back up platform, and expanded its data fabric solution for cloud-based applications.
HPE launches new real-time processing edge platform
The platform is said to help communication service providers (CSPs) to capitalize on data-intensive, low-latency services for media delivery, connected mobility, and smart cities.
‘Digital twins’ entering mainstream use sooner than expected
The term ‘digital twin’ may sound foreign to some, but Gartner says it is rapidly becoming established among modern organisations.
Infinera launches new ‘disruptive’ network architecture
The new end-to-end network architecture is said to enable instantly scalable, self-optimizing networks that adapt to the demands of specific users and applications.
Survey finds DC managers want more efficiency, not horsepower
More servers and more CPU power used to be the answer to boosting data centre performance, but it appears this is no longer the case.