Equinix survey finds just 37% of businesses had planned an increase in e-commerce investment this year
DUBLIN, Ireland, August 7, 2020 – Equinix, Inc. (Nasdaq: EQIX), the global Interconnection and data centre company, today announced the results of a survey which found organisations in Ireland were unprepared for the central role e-commerce would play in doing business in 2020. The survey of 103 IT decision-makers in Ireland, showed that towards the end of last year, just 37% of enterprises were planning to increase investment in their e-commerce capabilities over the following 12-month period.
Equinix’s Tech Trends Survey was conducted before the COVID-19 pandemic forced businesses in Ireland and across the world to move their operations online. And the results showed that the overwhelming majority of medium to large-sized enterprises did not view investment in e-commerce capabilities as an imminent priority. The survey also found less than one-third (31%) of IT leaders in Ireland believed blockchain—which can make digital payments faster and more secure—would be essential to their organisation within the next three years.
These reported plans came despite the fact global trends showed a move towards a more digitised way of doing business. Last year’s third annual Global Interconnection Index (GXI) forecast interconnection bandwidth requirements between enterprises and financial services providers would grow by 56% CAGR by 2022—reflecting a significant increase in the number of companies directly connecting to financial services partners, including digital payment providers.
Digitisation comes in many forms, and the survey did show digital transformation was on the agenda for many—enterprises in Ireland are looking at other ways in which they can digitise their businesses. More than two-thirds (68%) of organisations surveyed reported that improving their customer and user experience online was a top priority.
About the Equinix 2019-20 Global Tech Trends Survey
The independent study, commissioned by Equinix, surveyed 2,485 IT decision-makers in 23 countries across the Americas (Brazil, Canada, Colombia, Mexico, U.S.), EMEA (Finland, France, Germany, Ireland, Italy, UAE, Netherlands, Poland, Spain, Switzerland, Turkey, U.K.) and Asia-Pacific (Australia, China, Hong Kong, Japan, Korea, Singapore). 1,348 of those surveyed were based in EMEA, with 103 being based in Ireland. Respondents were selected for participation from Dynata’s online panel. The survey was conducted online between August 1 and 16 2019.
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 55 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. Equinix.ie.
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