In October 2022, Orbus Software surveyed 1,000 IT decision-makers across the UK and the US to determine how well prepared they are for an economic downturn. The survey revealed that, despite economic headwinds, IT executives believe their businesses are resilient enough to continue as usual if there is a recession.
- 88% of respondents are re-evaluating technology budgets in response to the possibility of a recession
- 87% believe that their business is resilient enough to continue as normal in a recession
- 60% would implement hiring freezes or staff reductions in light of a recession
With uncertainty a constant, businesses need visibility into their technology environment allowing them to simplify their complex operations. Recession is around the corner so operational resiliency is no doubt now a business imperative for every organization.