7 Hot IT Budget Investments — And 4 Going Cold | CIO

Driving the digital transformation wave that accelerated throughout the pandemic, enterprises will proceed their aggressive push to leverage expertise each to gasoline innovation and remodel enterprise operations in 2022. To take action requires tech investments.

In acknowledgment of this, firms are rising budgets for brand spanking new and current applied sciences. Total digital spend is projected to be 55% of the full IT spend by 2023, up by round 10% from 2021, in response to Accenture.

Spending shall be centered on 4 key areas, in response to Ashley Skyrme, a senior managing director at Accenture. The primary shall be in areas the place organizations “reimagine and innovate,” by shortly piloting and prototyping new use instances to show worth the place velocity to market is essential — for instance, in AI, blockchain, and AR/VR.

One other space of spending focus shall be on rising the enterprise by scaling and differentiating with “game-changing investments that drive new capabilities or income streams,” for instance, platforms for knowledge and analytics, Skyrme says.

The third space shall be to digitize the worth chain with aggressive enterprise capabilities or course of digitization reminiscent of ERP/CRM, high quality, and provide planning techniques.

The ultimate space shall be important expertise capabilities for working the enterprise and staying safe and in compliance with no direct income affect, reminiscent of knowledge middle and community, she says.

Right here’s a take a look at seven scorching and 4 chilly expertise investments CIOs and different IT leaders are making in 2022.
Scorching: Cloud-native managed companies

Investments shall be made to leverage cloud-native managed companies,

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