Despite Covid-19 pandemic, 90 per cent of companies are not cutting down on their digital transformation budgets, according to a survey done by Tata Consultancy Services.
In a global survey titled ‘Digital Readiness and Covid-19: Assessing the Impact’, TCS spoke to 300 senior business leaders from large enterprises — 97 per cent with revenue above $1 billion and 44 per cent above $10 billion — spanning 11 industries across North America, Europe and Asia.
The report pointed out that while 68 per cent of companies have seen revenue declines amid Covid-19, 90 per cent of organisations have either maintained or increased their digital transformation budget.
Prior to the pandemic, the average organisation surveyed had only 9 per cent of its workforce working mostly from home. That percentage has increased seven-fold and is expected to remain elevated through 2025, when the average company projects 40 per cent of its employees