New Gartner research has revealed that enterprise tech investments are currently on track to increase 4.3% year over year, nearly doubling 2022’s growth rate. Read more insights in CIOdive via Matt_Ashare. GartnerIT GartnerSYM
last month, CIOs remain caught between unwavering enterprise demand for business transformation and a dearth of available talent.
“As CIOs continue to lose the competition for IT talent, they are shifting spending to technologies that enable automation and efficiency to drive growth at scale with fewer employees,” the report said.“Digital business transformations are beginning to morph,” said Lovelock. “IT projects are shifting from a focus on external-facing deliverables such as revenue and customer experience, to more inward facing efforts focused on optimization.
The market for devices and data center systems, in contrast, will contract by 9% and 2% respectively, the report said. While AI has yet to take over large portions of IT spending, CIOs should be weighing their options, making plans and articulating their vision for the new technology. “When it comes to AI this year, organizations can thrive without having AI in production, but they cannot be without a story and a strategy,” Lovelock said.
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