Tech, Media and Telecoms (TMT) companies face a paradox in their digital transformation journey. Legacy systems hinder 72% of tech transformers and 56% of media and telecoms leaders. Yet simultaneously, 87% of tech and 65% of media and telecoms transformers confirm cloud technology delivers essential scalability benefits. This old-versus-new tension represents both the TMT sector's greatest digital evolution challenge and opportunity.
The findings from VML's comprehensive "Unlocking the Power of Digital Transformation in Tech, Media & Telecoms" report reveal a striking reality: cloud adoption has fundamentally altered how organizations approach transformation. A remarkable 85% of tech transformers report that cloud engineering has changed their transformation approach when compared to previous projects. . This isn't merely an incremental improvement, it's a paradigm shift in how digital change is conceptualized and executed. Interestingly the picture is more ambivalent in media and telecoms, however, with just 59% of transformers saying that the cloud has changed the way they approach transformations