Roughly three-quarters of large consulting firms across the globe are planning to move the majority or all of their IT to the cloud in the coming year. By choosing the cloud, firms expect to improve their real-time visibility into key metrics and more effectively support their business processes.
In the survey ‘Managing Your Consulting Firm for Growth’, commissioned by software provider Deltek, IDC looks at two areas: the economic climate for consulting firms and the key technology priorities for the coming year. Decision-makers in more than 250 European and North American consulting firms were interviewed on strategic topics such as market developments, firm performance and internal operations.
One of the survey questions looks at which IT systems consulting firm are using to manage their business. The results show that (surprisingly) roughly 20% or more of the firms do not have systems in place for fundamental business areas such as finance, project management or Customer Relationship Management (CRM). More than two-thirds of consulting firms do not have specific modules/systems in place around Business Intelligence, Human Capital Management (HCM) and project collaboration. An overview*:
Migration to cloud
When asked for the key priorities for the coming 12 months, 73% of the respondents indicated that they are planning to move their systems to a cloud environment. Not a real surprise, according to the survey: “The cloud provides many firms an obvious route to app modernization that helps firms move scarce resources into business-critical areas while solving business visibility challenges with
new, modern IT systems. This also helps to address firms’ priorities by providing ways to more effectively manage the customer, project, and employee lifecycles.”
For more information on the key benefits of the cloud, read the blog ‘The Top 5 Reasons Why Consulting Firms Are Moving to Cloud ERP’.
* PSA = Professional Services Automation Software, also known as Services Resource Planning (SRP).