Romanian RPA market has not reached yet a state of equilibrium, but it is moving towards maturity, Mazars study shows

According to a global Mazars study, 26% of respondents said they are investing more than 10% of their current IT budget on IoT. Compared to the other countries covered by the study, Romania is still at the beginning when talking about projects relating to IoT, like smart homes or smart cities.

RPA is one of the technologies which leads to significant cost savings, according to 31% of respondents, while ERP proves to be very useful taking into consideration the improvement of compliance policies, according to 28% of respondents.

“Out of those five technologies, the Romanian RPA market has not reached yet a state of equilibrium, but it is moving towards maturity, due to a lot of forward-looking companies that are launching different RPA initiatives. As per our global study, more than half of the respondents (57%) already spent over 25% of their IT budgets on a combination of these technologies. But is 25% enough? Will the growth of companies be affected by this number? The budgets in our country are not yet adequate, companies still working on achieving an understanding of what innovation means from both a business and an employee perspective”, said Razvan Butucaru, Partner, Financial Services & Advisory Leader, Mazars Romania.

According to the global study, compliance and cyberattacks were the top two challenges that decision-makers said kept them up at night – 58% and 56% respectively marked them as key concerns. „Statistically speaking, 60% of the worldwide incidents are produced by the user’s mistakes. In Romania, the cyber-attacks seem to have an increasing trend. Companies should allocate more efforts in developing internal measures ranging from strengthening the IT Governance framework, performing vulnerabilities assessments and increasing employee awareness through training,” mentioned Horatiu Nistor, Senior Manager, IT Audit & Advisory, Mazars Romania.