digital adoption - Feb 28, 2022

5 key statistics on digital adoption

“We’ve seen two years’ worth of digital transformation in two months.” Satya Nadella, CEO, Microsoft

The pandemic has accelerated digital adoption across all industries. Worldwide spending is expected to reach a staggering $2.8 trillion by 2025 – more than double the amount allocated in 2020. With worldwide spending on digital transformation already expected to reach 2.4 trillion in 2024, it is noteworthy that according to Forbes, 84% of digital transformation projects fail. In fact, in the U.S alone, more than $30 billion is wasted on software annually.

On the plus side – if businesses do invest in digital adoption they can expect increased productivity, greater customer and employee engagement, and higher levels of profitability overall.