Rise in Spending on Security and Analytics Tools According to New CIO Research from IDG
CIO Tech Poll: Tech Priorities outlines 2018 spending plans and tech projects
IDG’s CIO—the executive-level IT media brand providing insight into business technology leadership—reveals the investment plans of tech leaders for 2018 in the 2018 CIO Tech Poll: Tech Priorities survey. The results, from a respondent base of 180 heads of IT, show that organizations are focusing investments on security and analytics, while actively researching emerging technologies such as machine learning and artificial intelligence.
After five years of increases, tech budgets remain constant. The data shows that a greater percentage of tech leaders expect their IT budgets to remain the same; however, enterprise organizations still expect strong tech budget growth. Overall, 50% of tech leaders anticipate budget increases in 2018 – which increases to 57% for enterprises (1,000+ employees). We see the greatest increase in budget allocation towards predictive analytics (47%), business continuity/disaster recovery (47%), public cloud (46%) and hybrid cloud (45%). Applications that will see an increase in investment include business intelligence & analytics, mobile enterprise apps, and projects to secure enterprise information assets. The focus on security continues – when asked which technology project is the single most important project that their IT department is working on currently, the majority of IT leaders said business continuity/disaster recovery.
“IT departments continue to make strides towards a more digital and secure organization,” said Adam Dennison, SVP / general manager, IDG Events, and publisher, CIO. “This year’s Tech Poll results confirm that emerging technology projects and applications remain top of mind for tech leaders, and that these capabilities are essential for organizations to remain competitive in this time of digital transformation.”
Emerging technologies continue to play a role in developing a digital business. The top technologies that are being actively researched by CIOs align with this mentality, which include machine learning (44%), artificial intelligence (AI) (44%) and Internet of Things (IoT) (37%). All of which are also being piloted at various organizations – IoT (15%), AI (14%) and machine learning (11%). Additionally, IoT and machine learning fall on the top five list of technologies that are expected to have a great impact on organizations over the next three to five years. Organizations are not just considering new technologies, they are open to new vendors. Tech leaders report that 15% of tech spending will be spent on new tech companies this year.
To view additional information on the research please visit: https://www.idg.com/tools-for-marketers/cio-tech-poll-tech-priorities-2018/
About CIO Tech Poll
CIO Tech Poll: Tech Priorities was conducted to gauge for the upcoming year which technology areas IT leaders will focus on, and to measure the direction of spending within those categories. The current CIO Tech Poll was conducted November – December 2017 through the CIO LinkedIn Forum and to the CIO audience. Results are based on 186 respondents who indicated they are the top IT executive at their organization or business unit.
CIO focuses on attracting the highest concentration of enterprise CIOs and business technology executives with unparalleled peer insight and expertise on business strategy, innovation, and leadership. As organizations grow with digital transformation, CIO provides its readers with key insights on career development, including certifications, hiring practices and skills development. The award-winning CIO portfolio provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. CIO information is available at www.CIO.com.