Crowe Survey: COVID Gives Technology Spending a Shot in the Arm

Despite the uncertainty of the pandemic year, Crowe’s 2021 Technology in Metals Survey indicates that technology remains a strategic imperative for a majority of metals industry executives. In fact, 59% of respondents increased technology spending in 2020 and 56% planned to increase spending on computers, software and other systems again in 2021.

Crowe LLP, the global accounting, consulting and technology firm, surveyed 150 metals industry executives earlier this year.  What the findings make clear is that competitive companies regard technology investment as a requirement rather than an option. “Respondents to the 2021 Technology in Metals Survey drove home the importance of technology investment as a differentiator for their businesses. As steel companies consider the broader economic and societal factors that will impact their industry over the next 10 years, leaders must consider where technology can be used as a strategic tool for growth,” said Tony Barnes, managing principal of the Crowe metals industry team.