Spanish companies will invest 53,300 million in technology, 3.4% more

MADRID, 21 Nov.

Spanish companies will invest 53,300 million in technology, 3.4% more


Spanish companies will invest 53,300 million euros in technology, which means a 3.4% increase in the endowment for these purposes, according to the annual forecast published this Monday by the technology consultancy IDC Spain.

In this way, the firm has highlighted that spending on digital technology will increase eight times more than what the economy is expected to do, which will mean creating a foundation for long-term growth and "operational excellence".

The general director of IDC Spain, Jorge Gil, has stressed that the increase in investment in digital infrastructures is one of the main causes of investment. Thus, the priority to invest in technology is the move from the hybrid cloud to the public cloud.

Likewise, the consultancy has also highlighted that half of the companies already generate at least 40% of their income through activities related to digitization. In fact, more and more companies are moving from a model of one-off digital transformation projects to a purely digital business model.

Additionally, IDC predicts that by 2026, 40% of artificial intelligence (AI) models will incorporate multiple modalities of data to improve learning effectiveness and address current day-to-day knowledge gaps in single-modality AI solutions.

On the other hand, the workplace is one of the sectors where investment in Spain will skyrocket next year with growth of 18% in 2023, above the European average.

At the continental level, another trend will be the increase in investment in cyber resilience, with an additional spending of 5.9 billion euros in 2024."Cyber ​​resilience is not only about the value of the company and the reduction of business risk, but also about national economic security", stated José Antonio Cano.

By 2026, 30% of large enterprise organizations will migrate to autonomous security operations centers accessed by distributed teams to streamline remediation, incident management, and threat response.

Likewise, for that same year, the consultancy has predicted that one in three G2000 companies will allocate resources to training their employees related to web3, blockchain and the metaverse.