Global Corporate Survey 2022: Operational Excellence Budgets, Priorities & Tech Preferences

This report provides senior managers in operations, engineering, maintenance, process safety, and data science and IT roles who are responsible for operational excellence with a benchmark of their peer group’s budgets, business priorities and technology preferences. The data collected through the Verdantix survey also support strategic decision-making and business planning by executives at technology vendors and service providers, by helping them understand trends in customer requirements. Verdantix selected 301 respondents from 20 distinct industries, spanning 22 countries across 13 regions, with 90% of interviewees representing firms with revenues greater than $1 billion. Budgets for operational excellence initiatives are looking healthy for 2023, with 83% of respondents reporting a planned increase in spending. Respondents provided insights into predicted spending changes and implementation plans for software and technology in 2023 and 2024.