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Top 10 business needs driving IT spending today

CIO

Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost. This comes after years of transformational initiatives being cited as the top reason driving budget increases. billion in spend by 2025.

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Investors say web3 and hype are in for 2023, high valuations are out — maybe?

TechCrunch

This opportunity has remained strong and expanded, even as the larger economy struggles, because cyber budgets have remained highly resilient despite company cutbacks in other budget areas. For instance, in a recent survey of CISOs in our Advisor community, 66% said they expect their cyber budgets to increase in 2023.

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Terzo lands $16M to extract key data from contracts

TechCrunch

“As our technology evolves, we aim to deliver advanced insights around financials and budgeting,” Card said. According to a 2020 Bloomberg Law survey, more than half (56%) of in-house lawyers said that they’re using contract management programs.

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Extra Crunch roundup: Clubhouse UX teardown, YC Demo Day favorites, proptech VC survey, more

TechCrunch

Almost every private equity and venture capital investor now advertises that they have a platform to support their portfolio companies, “however, most of us don’t have the budget of an Andreessen Horowitz to support almost every major need” for each startup they’ve bet on, says Versatile VC founder David Teten.

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Filevine raises $108 million for tools that streamline legal workflows

TechCrunch

In 2021, Gartner predicted that legal tech budgets would increase threefold through 2025 “as general counsel face unprecedented pressure both in terms of managing legal workload and driving efficiency in their departments.”

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Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. According to one recent survey (from MLOps Community), 84.3%

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Perspectives on how cloud computing & app development trends will take shape in 2023

CIO

Forrester’s Infrastructure Cloud Survey 2022 reveals that cloud decision-makers have implemented containerized applications that account for half of the total workloads in their organizations. Gartner predicts that through 2025, 80% of the operational tasks will require skills that less than half the workforce is trained in today.

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