DIGITAL TRANSFORMATION, DISRUPTION AND GROWTH IN 2024 AVANT has released two previous State of Disruption reports in 2019 and 2021, establishing a baseline for how companies are evolving their businesses with technology. The State of Disruption Report surveys over 500 Technology CIOs and decision makers and seeks to understand the current state of disruption, including the shift from legacy technologies to the latest in “as-a-service” technologies, such as on-premises Legacy PBXs to UCaaS solutions or on-premises data centers to colocation and cloud services. The pace of change in technology is the only constant, and our research shows it’s accelerating. In 2023, the US economy’s growth rate was 2.5%, well ahead of earlier forecasts, and the run rate for the last quarter of 2023 was 3.3%. While growth has been impacted by inflation and rising interest rates, growth is expected to pick up again in 2024 as consumer and business spending resume. Meanwhile, Gartner’s January 2024 forecast suggests worldwide IT spending is expected to total $5 trillion in 2024, an increase of 6.8% from 2023. Against a backdrop of uncertainty, enterprise investment in IT is likely to shift to projects that can help with cost savings or revenue protection, with a backlog of delayed investments accumulating as a result. In the past, AVANT has seen a double bump with continued growth of OPEX adoption during the economic slowdown, followed by an acceleration of technology transformation as the economy improves. The research we conducted with 501 CIO and technology decision makers supports this trend. Just as in our last State of Disruption report, AVANT has set out to provide a tool to help make these decisions based on information from technology buyers themselves. 2 Copyright © 2024 AVANT Communications, Inc. • How is the landscape for enterprise technology changing? • Has the rate of digital transformation changed, and what trends are occurring across different industries? • Are there significant differences in the rate of change at large companies compared to small- and medium-sized enterprises? With our 2024 report, we aim to learn: