TCS study says German companies have hiked spend on digital transformation

MUMBAI: German companies have increased investment in digitization initiatives, a study by IT services provider Tata Consultancy ServicesNSE 0.23 % found. The study titled ‘Don’t Panic! Keep Calm and Digitize’ focused on German companies with 100 or more employees, polling 953 senior managers and decision-makers responsible for digitization within their organizations.

In more than one third of the companies (35 percent) surveyed, the change process is the responsibility of the digitalization units or the Chief Digital Officer. In around one in four companies, the management or the executive board (26 percent) or internal corporate communications (23 percent) is responsible.