Project Managers Anticipate Increased Tech Budgets and Enhanced Focus on AI in the Wake of Coronavirus, New Survey Reveals – Yahoo Finance

Integration more important than cost when it comes to choosing future suppliers, according to project professionals

Bigger technology budgets and greater use of artificial intelligence and automation are the main predictions for change post-coronavirus, according to a survey of over 1,000 project practitioners* by Association for Project Management (APM).

The poll, undertaken for APM by research company Censuswide, found that 36 per cent** of respondents anticipate technology budgets will increase within their business or team in the wake of the COVID-19 pandemic, while 30 per cent expect their business or team will make greater use of artificial intelligence and automation.

The survey revealed a split in opinions when it comes to how new solutions will be implemented, however. Some expect to grow relationships with existing suppliers while others anticipate new providers will be brought in.

  • 26 per cent of survey respondents anticipate their team or organisation will grow relationships with existing software suppliers
  • 21 per cent anticipate they will grow relationships with existing hardware suppliers
  • 20 per cent anticipate they will seek new suppliers for software solutions
  • 13 per cent anticipate they will seek new suppliers for hardware solutions

When it comes to choosing a technology supplier, integration emerged as the most important factor overall for project management professionals, although this varied by industry sector.

Most important criteria for choosing a technology supplier (survey of 1,000 project professionals*)

  • 27 per cent = Integration
  • 21 per cent = Cost
  • 17 per cent = Reputation
  • 14 per cent = If we’ve worked with them before/if they’re on our preferred suppliers list
  • 13 per cent = Scalability
  • 7 per cent = We don’t have a most important criteria for choosing technology suppliers
  • 1 per cent = Other

Will Webster, head of technology at APM, said: “Since the onset of lockdown, we have seen increased emphasis on the value of technology in facilitating new ways of working. As these new working methods become the norm, technology will be essential to support increased flexibility and productivity. Nowhere will this be more important than in the project profession, where successful outcomes are vital for delivering economic and social benefits for businesses and communities.

“The findings of this survey reveal an opportunity for providers of technology solutions to strengthen existing partnerships and forge new ones through differentiation. While cost is clearly a factor, integration, reputation and scalability could be the difference to an organisation in selecting a particular hardware or software solution.”

-ENDS-

Notes to editors

* 1,003 project professionals based in the UK responded to the questions ‘What changes do you anticipate in the way your team or business uses technology post-coronavirus?’ and ‘What is your most important criteria for choosing a technology supplier?’

** All figures rounded to the nearest 1 per cent

About APM

About Association for Project Management (APM)

Association for Project Management (APM) is the chartered body for the project profession and is committed to creating and upholding leading standards for the profession through chartership, qualifications, knowledge and insight.

Promoting the power of the profession for good, APM has over 30,000 individual members and more than 500 organisations participating in the Corporate Partnership Programme. As an educational charity, APM advocates for and represents the entire project profession – all sectors, all locations and at every stage of the career path. Please see https://www.apm.org.uk/ for further details.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200917005012/en/

Contacts

Hayley Mountstevens at APM
hayley.mountstevens@apm.org.uk

Related Posts

Comments

  1. 893383 768475if the buffalo in my head could speak german i would not know a god damm thing. What i do know is that the language of art is out of this world. 112062

  2. 114709 297694An intriguing discussion will be worth comment. I believe which you can write read a lot more about this subject, may well surely be a taboo topic but generally folks are inadequate to chat on such topics. To a higher. Cheers 270085

  3. 225499 831596Terrific paintings! This is the type of information that are supposed to be shared around the internet. 845080

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

21,935FansLike
2,507FollowersFollow
0SubscribersSubscribe

Recent Stories

Britons Already Worried Over Budgets as Cost-of-Living Crisis Gathers Speed – BloombergQuint

Britons Already Worried Over Budgets as Cost-of-Living Crisis Gathers Speed&nbsp

At many churches, pandemic hits collection plates, budgets – CT Post

Biltmore United Methodist Church of Asheville, North Carolina, is for sale.Already financially strapped because of shrinking membership and a struggling preschool, the congregation was...

Melton council's budgets wishlist | Brimbank & North West – Brimbank & North West | Star Weekly

The electrification of the Melton train line and upgrade of the Western Highway are among Melton council’s wishes in the state and federal budgets. The...

Performance Budgets (Budget.json)

Use a performance budget to assert thresholds for performance metrics. budget.json supports three types of budgets: Timing budgets: Assert thresholds for time-based performance metrics like...

Erin and Ben Napier of 'Home Town' Reveal the Best Upgrades for Small Budgets

Erin and Ben Napier of "Home Town" have done some massive makeovers, but these HGTV stars also know that not every homeowner can afford...