DIGITAL TRANSFORMATION, DISRUPTION AND GROWTH IN 2024 AVANT has released two previous State of Disruption reports in 2019 and 2021, Just as in our last State of Disruption report, AVANT has set out to provide a tool establishing a baseline for how companies are evolving their businesses with to help make these decisions based on information from technology buyers technology. The State of Disruption Report surveys over 500 Technology CIOs and themselves. decision makers and seeks to understand the current state of disruption, including the shi昀琀 from legacy technologies to the latest in “as-a-service” technologies, such as on-premises Legacy PBXs to UCaaS solutions or on-premises data centers to colocation and cloud services. The pace of change in technology is the only constant, and our research shows it’s accelerating. In 2023, the US economy’s growth rate was 2.5%, well ahead of earlier forecasts, and the run rate for the last quarter of 2023 was 3.3%. While growth has been impacted by inflation and rising interest rates, growth is expected to pick up With our 2024 report, we aim to learn: again in 2024 as consumer and business spending resume. Meanwhile, Gartner’s January 2024 forecast suggests worldwide IT spending is expected to total $5 • How is the landscape for enterprise technology changing? trillion in 2024, an increase of 6.8% from 2023. • Has the rate of digital transformation changed, and what trends Against a backdrop of uncertainty, enterprise investment in IT is likely to shi昀琀 to are occurring across di昀昀erent industries? projects that can help with cost savings or revenue protection, with a backlog • Are there significant di昀昀erences in the rate of change at large of delayed investments accumulating as a result. In the past, AVANT has seen companies compared to small- and medium-sized enterprises? a double bump with continued growth of OPEX adoption during the economic slowdown, followed by an acceleration of technology transformation as the economy improves. The research we conducted with 501 CIO and technology decision makers supports this trend. Copyright © 2024 AVANT Communications, Inc. 2