The Wall Street Journal’s John McCormick reports that IT budgets, which are expected to increase 2% this year, are forecasted to grow 3.6% in 2022, according to research released Monday by Gartner Inc.  The technology research and advisory firm based its finding on a global survey of almost 2,400 CIO and technology executives across industries. According to Gartner, the budget increase is attributed to companies investing in technologies that are flexible and modular to confront any new business opportunity or challenge that comes their way – pandemics, climate change, quicker integrations. Those executives that claimed to be most adaptable expect revenue to increase more than 7% next year.
- Two-thirds of surveyed IT executives plan to increase investments in information security and cybersecurity
- 51% plan to invest in business intelligence and data analytics tools
- 48% plan to increase spending on cloud platforms
- 37% plan to increase spending on integration technologies and application programming interfaces