Increased IT spending will boost digital transformation efforts in Europe

European businesses are set for an increase in IT spending which should greatly accelerate digital transformation efforts within the next 12 months. That's according to new research from CenturyLink, which found that over half of companies are set to boost IT spending over the next year to allow them to embrace the benefits of new technology sooner than expected. Overall, 52 percent of European companies surveyed by CenturyLink and analyst firm 451 Research said that the next 12 months would see an increase in spending as nearly 40 percent of companies predict that digital transformation will cause "major disruption" over the next three years.… [Continue Reading]