Irish businesses to invest in cloud computing and digital platforms this year

  • A new survey carried out by Irish cloud software firm Sidero shows that Irish enterprises expect to spend an average of €564,000 on cloud and digital services in 2021.

    Athlone-based cloud software and digital transformation specialist Sidero is predicting that this year will mark significant investment by local enterprises in cloud technology, digital transformation, and emerging technologies. The survey indicates that Irish enterprises will spend an average of €564,000 on new tech investments in 2021.

    In its new report ‘2021 Insights: The Future of Work is Agile’, Sidero presents the results of a survey of 119 key IT decision makers across the island of Ireland on their future plans. It found that many businesses are still working on important digital transformation plans, and are investing in new cloud technologies.

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    Around 86% of businesses surveyed said they intend to move more of their current applications and workloads to the cloud, with 61% investing in digital transformation technologies. Cloud usage in business is expected to increase by about a third throughout 2021, about a third plan to invest in AI, and 46% of firms will invest in new 5G capabilities.

    When looking at the barriers companies face to investing in cloud technology, the most cited concern was security (60%) followed by a lack of in-house skills (40%) and then regulatory and compliance concerns (31%). Investment in digital platforms with proven security, cloud-based training, and regtech platforms all rose in 2020.

    Carmel Owens, CEO, Sidero commented: "We have seen an unprecedented acceleration in the race to digital transformation in the past year. Almost overnight, businesses of all sizes had to innovate and adapt to a new way of working, and the shift to remote work-models and in turn, increased usage of cloud-based services, is set to ramp up in earnest this year."

    Source: Written based on press release

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    Brendan is a Sync NI writer with a special interest in the gaming sector, programming, emerging technology, and physics. To connect with Brendan, feel free to send him an email or follow him on Twitter.

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