Tech Leaders Share 2017 Tech Spending Plans and Priorities
CIO Tech Poll: Tech Priorities explores budget allocations and use of emerging vendors
Framingham, Mass. – December 1, 2016 – CIO—the executive-level IT media brand providing insight into business technology leadership—reveals the strategic and spending plans of tech leaders in the CIO Tech Poll: Tech Priorities 2017 research (click to tweet). Results from more than 180 heads of IT show that organizations are focusing investments on analytics and security, and identifies how emerging technologies and vendors are being integrated into organizational technology strategy.
Technology continues to be an investment area for organizations. More than half (56%) of organizations anticipate budget increases in 2017, continuing the pattern started in 2012. In 2017, IT leaders will be increasing investments in numerous applications and platforms with business intelligence & analytics (71%), securing enterprise information assets (59%), CRMs (47%) and mobile enterprise apps (46%) leading the pack. Additionally, tech leaders shared their focus on specific technology initiatives across more than a dozen areas, including the stage of adoption each technology falls into at their organization. Growth areas that CIOs are researching include Artificial Intelligence (AI), Internet of Things (IoT) and machine learning/cognitive systems. Top areas which have moved from initial adoption to upgrading include business continuity/disaster recovery, data management/storage and co-location services.
“Organizations continue to explore ways to conduct business smarter and protect assets and processes,” said Adam Dennison, senior vice president & publisher of CIO. “The Tech Poll results confirm that we are in an exciting time of technology growth, where organizations are exploring technologies that will enhance legacy systems, and new solutions and emerging vendors that will elevate their business.”
Tech leaders are spending time and budget with emerging tech vendors — in fact 20% of overall tech spending will be with new tech companies. Organizations are most likely to use a new vendor on projects related to data & analytics (57%), IoT (43%), cloud computing (43%) and mobile (38%). To evaluate these new vendors, IT teams are participating in pilots and product testing as well as attending conferences. Prior to adoption, new vendors are held to a higher level of scrutiny on associated security risk than tenured vendors.
To view additional information on the research please visit: www.idgenterprise.com/resource/research/tech-cio-tech-poll-tech-priorities-2017
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 in October 2016 through the CIO LinkedIn Forum and to the CIO audience. Results are based on 183 respondents who indicated they are the top IT executive at their organization or business unit. The margin of error on a sample size of 183 is +- 7.24%.
CIO from IDG is the premier content and community resource for information technology executives and leaders thriving and prospering in this fast-paced era of IT transformation in the enterprise. The award-winning CIO portfolio—CIO.com, CIO executive programs, CIO Strategic Marketing Services, CIO Forum on LinkedIn, CIO Executive Council and CIO primary research—provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. Additionally, CIO provides opportunities for IT solution providers to reach this executive IT audience. The CIO Executive Council is a professional organization of CIOs created to serve as an unbiased and trusted peer advisory group. CIO is published by IDG Enterprise, a subsidiary of IDG. Company information is available at http://www.idgenterprise.com/.
IDG connects the world of tech buyers with insights, intent and engagement. IDG is the world’s largest media, data and marketing services company that activates and engages the most influential technology buyers. Our premium brands, including CIO®, Computerworld®, PCWorld® and Macworld®, engage the most powerful audience of technology buyers providing essential guidance on the evolving technology landscape. Our global data intelligence platform activates purchasing intent, powering our clients’ success. IDG Marketing Services creates custom content with marketing impact across video, mobile, social and digital. We execute complex campaigns that fulfill marketers’ global ambitions seamlessly with consistency that delivers results and wins awards. IDG is the #1 tech media company in the world, per comScore.*
*Source: comScore Media Metrix, Desktop Unique Visitors, Worldwide, February 2016