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IT budgets remain solid, despite tech industry headwinds

CIO

A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year. Budgeting, IT Strategy

Budget 342
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Zendesk report: IT leaders to prioritize these 3 areas in 2024 and beyond

CIO

Data security and privacy This is top of mind for IT leaders — almost nine in 10 (87%) said that investing in cybersecurity and data privacy are high priorities, and nearly the same percentage (88%) said they expect to increase their cybersecurity budget over the next 12 months. Read the report. Digital Transformation

Report 264
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5 hot IT budget investments — and 2 going cold

CIO

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. growth,’’ the firm wrote in a newly-published report on worldwide IT spending in Q4 22. The unified communications market’s meager 1.6%

Budget 363
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Illuminating the black box: why CIOs should consider publishing an annual IT report

CIO

One vehicle might be an annual report, one similar to those that have been published for years by public companies—10ks and 10qs and all those other filings by which stakeholders judge a company’s performance, posture, and potential. Such a report has a legacy already, if only a short one. Good question. Let’s start with Performance.

Report 312
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Achieve Manufacturing Digital Transformation

Smart manufacturing represents roughly 27% of the average annual digital transformation budget for engineering-oriented manufacturers. Read this report to learn how to merge digital information with your physical environment and reap the rewards of smart manufacturing.

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70% of legal departments don’t invest in digital transformation: Report

CIO

More than 70% of US legal departments across enterprises spanning various industry sectors have not made any investment towards digital transformation in the last two years, according to a joint report from The Association of Corporate Counsel (ACC) and legal-technology company Disco.

Report 264
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IT budget shock: Global IT services firms continue to struggle

CIO

Recent financial reports from major global IT services firms have highlighted a concerning slowdown in the industry that could persist, signaling potential changes to hiring and spending plans. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

Budget 246