European companies less willing to invest in IT than US firms

Business leaders around the world believe it is important to invest in IT and technology, and globally, 69% of business execs believe it is necessary for their organizations to increase investments in IT to maintain competitiveness. 

But even there, Europe lags far behind the US. Less than two thirds (64%) of European business leaders, fewer than the global average, are concerned that their organization is investing too little. In the US, however, where there is a stronger willingness to invest in IT when compared globally, 84% percent of business leaders are concerned about their organization’s investment power. 

Caroline Segerstéen Runervik, Nordic head at Capgemini, says in a comment that the lower investment rate and continued challenges with recruiting the right skills in IT and technology pose major challenges for European companies to maintain their competitiveness globally.