Based on a survey of 742 senior IT leaders, the 2023 Technology Spending Intentions Survey analyzes private and public sector technology spending expectations for the coming year and trends with respect to technology adoption and changing customer preferences.
This year’s study offers key insights into:
67% of Organizations with Mature Digital Transformation Initiatives Expect to Increase Spending in 2023
Perpetrators of threats like ransomware will attempt to capitalize on the unsteady macroeconomic environment, targeting those most impacted by financial difficulties. With an expected increase in criminal activity, organizations will need to invest strategically in areas like vulnerability management and security hygiene—both internally and throughout their supply chain.”
As data-driven initiatives continue to take precedent, ongoing investments in AI/ML technologies are increasingly important to digital transformation and overall business success. However, organizations must not lose sight of making business intelligence easier to consume. Using AI capabilities within data-centric technologies can empower experts and nonexperts alike to bring data to every decision, and ultimately provide the greatest benefit to their roles, responsibilities, and the business.”
These findings indicate that even in times of uncertainty, digital initiatives and cloud services are essential for growth. Mature digital firms plan to accelerate adoption of cloud-native development as well as usage of cloud infrastructure and applications to achieve their higher-level business objectives and their digital transformation goals.”
In order to assess technology spending priorities over the next 12-18 months, TechTarget's Enterprise Strategy Group recently surveyed 742 senior IT decision makers representing midmarket (100 to 999 employees) and enterprise-class (1,000 employees or more) organizations in North America and Western Europe. All respondents were personally responsible for or familiar with their organization’s 2022 IT spending, as well as their 2023 IT budget and spending plans at either an entire organization level or a business unit/division/branch level.
Fill out the form to contact a friendly Enterprise Strategy Group team member about:
TechTarget's Enterprise Strategy Group
275 Grove Street, Suite 1-150
Newton, MA 02466