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MMBI special report

2023 ܹͼ MMBI Digital Transformation Special Report

Oct 05, 2023
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MMBI Economics Digital transformation

Digital transformation and the middle market: An ܹͼ MMBI special report

Technology is evolving, fast-paced and changing how companies do business. Artificial intelligence has the attention of company leaders, and cybersecurity concerns are driving investments in technology, according to data from the second-quarter ܹͼ Middle Market Business Index survey, which polled executives from April 3–24, 2023.

The survey reveals that for company leaders, digital transformation is more than just upgrades or new platforms. Digital transformation can alter an organization’s trajectory and affect whether the company succeeds or fails.

A few of the report’s key findings:

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77%

of all respondents said they plan to increase their IT budgets in 2024

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65%

of respondents said increased concern over cybersecurity was the top motivation for changing their IT budgets

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40%

of all respondents said finding and retaining tech talent is somewhat or very difficult

Inside the report

The report provides insights into how middle market businesses are addressing digital transformation, including the following:

  • What types of companies are investing in digital transformation?
  • How are businesses dealing with the tight labor market for information technology talent?
  • What is the role of leadership when it comes to digital transformation?
  •  How do companies measure progress?
  • What is the future of digital transformation?

Read ܹͼ’s special report to learn more. 


Access ܹͼ's 2023 digital transformation report