Spending on Spanish innovation is 41% lower than the European average

According to INE data, Spain has earmarked the amount of 17,074,397 thousand euros, this figure is far from the European average, which is 41% higher. The good news is that one of the sectors with the highest employability and highest pay is ICT.

When talking about technological innovation, it is inevitable to understand that it is currently a digital transformation that impacts economic sectors and forces companies to adapt to market demands through improvements or new processes, products or services, according to the school of business TBS Education. In these cases, invest in innovative matter represents an increase in the efficiency of the company. According to the report carried out by IE University and EY Insights, family businesses invest 66% more in technological innovation than those without this family legacy and result in improved management.

Despite being a global phenomenon, digital transformation, and especially of IT, its distribution in the territory is uneven. Large cities such as Madrid or Barcelona lead the sector. The TBS Education business school in Barcelona highlights the role played by large cities, such as Barcelona and Madridsuch as attracting and retaining talent around business transformation and the opportunities it brings.

The new business trends for the main sectors

The goal of digital transformation has evolved from covering basic technological needs to addressing specific requirements of each sector. These are the 2022 technology trends collected by TBS Education:

1. Simplification of data and tasks. Today, there are new technologies that simplify the process of exchanging data both within and between organizations. This opens up a new world of data-driven opportunities, promoting new business models.
2. The globalized cloud. The global cloud market outstripped the non-cloud market in volume for the first time in 2020. By 2025, the Tech Trends Deloitte 2022 study estimate reveals that the cloud will double the size of non-cloud.
3. real cyber security. The volume, complexity, and difficulty of detecting cyberattacks affect organizations’ dedicated security teams. For this reason, it is time to use Artificial Intelligence to improve cyber-attack prevention and response systems.
4. Blockchain ecosystem. Cryptocurrencies and NFTs capture public interest, and as a result, these blockchain-based digital assets are starting to have a greater impact on organizations beyond the financial sector.