36% Technology To Get Increased in Public Sector

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Something similar happens with the investment planned for 2021. Overall, it will remain stable, since a third of the firms anticipate that it will keep it the same, 36% will increase it and 32% will reduce it. Percentages that almost double in some sectors, such as those belonging to the field of technology, public sector and asset management, which will be shown much more active than the rest. Thus, two thirds of technology companies and more than half of asset management companies will increase their investment volume.

Precisely the strength of the technology sector and the development of digitization with the pandemic also explains which professional profiles will be most in demand for this year. Managers of digital transformation, cybersecurity experts, and specialists in emerging technologies such as artificial intelligence occupy the podium of the positions most sought by the companies consulted.

In a global crisis that practically erupted overnight, securing financing became a priority for many companies in the face of the sharp drop in revenue. In 2020, 52% of companies have carried out operational restructurings and 39% have financed or refinanced debt, and in the next 12 months 36% plan to undertake operational restructuring. In addition, 52% of those surveyed indicate that they want to obtain new financing to cover their organic growth, 25% to refinance debt and 22% to tackle mergers and acquisitions operations.

Hunting for European funds
Precisely to reinvigorate activity and economic transformation, one of the pillars on which everyone agrees is the funds from the European Recovery Plan, which have generated great expectations in the business world. 46% of those surveyed want to apply for these funds, 18% discard it and the remaining 36% still do not know if they will request them.

Industrial modernization and digitization and the energy transition are those that arouse the greatest interest among those surveyed who are considering applying for these funds. For almost six out of ten respondents, companies should be in charge of directly managing the projects and the funds provided for them.

Negative political rating
For 72% of the companies surveyed in the KPMG report, the political situation in 2020 has had a negative impact on their company, compared to just 4% who believe that it has been positive and 24% who indicate that the effect has been neutral.

The percentages are exactly the same as those recorded in last summer’s survey. For 64% of businessmen and managers who value the political situation negatively, this impact has resulted in the paralysis of investment decisions. For 6 out of 10, the main negative effect is focused on the image of the country and another 42% consider themselves harmed by the delay in regulations that affect them.

Almost half consider that the increase in taxes is one of the main threats to the Spanish economy and 43% cite political uncertainty, ahead of 39% who point to outbreaks of the virus.

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