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Smartsheet and 451 Research Find IT Leaders Not Fully Equipped to Handle Post-Pandemic Requirements

Predicted rise in spending on technology as decision makers focus on digital collaboration tools

BELLEVUE, Wash.--(BUSINESS WIRE)--Over half of IT leaders (55%) say their current IT systems are not fully equipped to handle the new post-pandemic requirements, according to a survey of enterprise professionals conducted by 451 Research and commissioned by Smartsheet (NYSE: SMAR), the enterprise platform for dynamic work. As a result, many decision makers expect technology spending to increase across the board over the next six months, with top areas of focus being team collaboration tools, digital workspace, content storage and sharing tools.

Digital transformation has been top of mind for many IT leaders but the pandemic is pushing many of these leaders to jumpstart their efforts by re-evaluating the tools they currently use to meet the needs of a distributed workforce. This “new work norm” is revealing the struggles many companies are facing due to technologies and apps that do not seamlessly integrate, or the use of a platform that requires IT support in order to run effectively.

“As the COVID-19 crisis continues and the shift to remote work lasts longer than many leaders anticipated, executives are finding that they need better technology to fuel employee productivity,” said Gene Farrell, Chief Product Officer of Smartsheet. “As IT leaders think of how to remedy this in the long-term, many will invest in no-code collaboration tools that integrate with other widely used solutions to provide their employees with a single platform to get work done.”

The survey also looked to identify some of the blockers that IT leaders feel are impeding workforce productivity and uncovered the following:

  • Integration is key to centralized collaboration and productivity: With 82% of employees feeling less productive since going remote, more than three-fourths (80%) of respondents say employee productivity and collaboration is a higher priority than pre-pandemic. Nearly half (43%) of leaders believe integrations across their key systems would strongly improve productivity.
  • Capabilities are becoming increasingly critical: Decision makers see the following becoming more important going forward: tools supporting cross-functional collaboration (37%), tools that easily and widely integrate with other apps (35%), and tools to quickly build and adapt a new business workflow or project design (34%). These are followed by visibility around workloads to more effectively manage resources (30%) and better reporting of the status and progress of important projects and work (30%).

“Whether it's in no-code workflow automation, easier synthesis of data across different business systems by nontechnical users, new and more flexible digital workspace canvases, or other capabilities, one of the key consequences of the pandemic will be more empowerment at the edge of the workforce,” said Chris Marsh, a research director at 451 Research. “As businesses adjust to the impacts of the pandemic, having more employees more empowered than they traditionally have been to create increased agility across the long tail of their workforce processes will be critical to getting on the front foot.”

Read more about how organizations that move to digitally immersive workspaces will thrive here.

*Survey methodology

The survey was conducted by 451 Research among a sample of 800 U.S. workers at enterprise companies with 1,500+ full time employees and three or more office locations. It was live from April 16 to May 1, 2020.

About Smartsheet

Smartsheet (NYSE: SMAR) is the enterprise platform for dynamic work. By aligning people and technology so organizations can move faster and drive innovation, Smartsheet enables its millions of users to achieve more. Visit www.smartsheet.com to learn more.

Forward-Looking Statements

This press release contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about Smartsheet’s expectations regarding possible or assumed business strategies, channel and partner strategies, potential growth and innovation opportunities, new products, and potential market opportunities.

Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “believe,” “continue,” “could,” “potential,” “remain,” “will,” “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: IT spending habits, our ability to achieve future growth and sustain our growth rate, our ability to attract and retain talent, our ability to attract and retain customers (including government customers) and increase sales to our customers, our ability to develop and release new products and services and to scale our platform, our ability to increase adoption of our platform through our self-service model, our ability to maintain and grow our relationships with channel and strategic partners, the highly competitive and rapidly evolving market in which we participate, our ability to identify targets for, execute on, or realize the benefits of, potential acquisitions, and our international expansion strategies. Further information on risks that could cause actual results to differ materially from forecasted results is included in our filings with the US Securities and Exchange Commission (SEC), including our Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2020 filed with the SEC on June 8, 2020. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Contacts

Shelby Simonson
pr@smartsheet.com

Smartsheet

NYSE:SMAR
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Headquarters: Bellevue, WA
CEO: Rajeev Singh
Employees: 3,000
Organization: PRI

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Contacts

Shelby Simonson
pr@smartsheet.com

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