Cloud Digital Infrastructure: CIO Investment Trends

“By 2021, based on lessons learned, over 80% of your competitors will put a mechanism in place to shift to cloud-centric digital infrastructure twice as fast as before the pandemic. By 2023, you will depend upon digital infrastructure as the underlying platform for all of your IT and business automation initiatives, everywhere.”

via IDC

The Impact of COVID-19 on IT Budgets in 2021

A quest for digital transformation will continue. “Among the businesses increasing IT spend in 2021, the following factors will influence budget growth next year: Increased priority on IT projects (45%), changes to business operations during COVID-19 (38%), and the need to support a remote workforce (36%).”

via Spiceworks

Why the On-Premises IT Decline is Accelerating

“The market for data center hardware is soft, and not just because of COVID-19. Like so many other trends, the pandemic didn’t yield anything new, but it did significantly accelerate almost every trend. Spending on teleconferencing exploded, while data center spending slowed considerably.”

via Forrester

Digital Transformation: Why CFOs Have a Key Role

As business leaders champion growth initiatives in COVID-19 recovery, CFOs can create more value by focusing the business — and resource allocation — on competitive differentiation. However, according to Gartner’s assessment, most CFOs don’t do that.

via Gartner

Enterprise IT Spending Trends for Cloud and App Modernization

While less than half of global enterprises surveyed by GlobalData indicated plans to cut cloud and application development IT spending budgets, ops teams will seek more consolidation and automation to achieve a DevOps model.

via GlobalData

Data and Analytics Enable IT Recovery and Reinvention

Data and analytics technology will help to accelerate renewal, drive innovation and rebuild society over the next three to five years. Savvy digital business leaders will leverage their ongoing IT investment that enables recovery and reinvention.

via Digital Lifescapes

Why 5G Mobile Network Investment is Controlled

The GSMA counts 79 active 5G networks globally. But apart from a few exceptions, most of these have tiny — and slow growing — 5G population coverage, and largely act as capacity backfills to existing 4G networks in large urban areas.

via IDC

Major B2B Buyer’s Journey Ends in the C-Suite

“88 percent of CEOs at companies with more than $1 billion in annual revenues say they are more involved in major investment decisions than they were before — 63 percent of whom qualify their involvement as “far more” than in previous years.”

via Chief Executive

More C-Suites and Line of Business Drive IT Investment

“CIO departments have been losing clout in technology purchase over the past decade. Line of business (LoB) leaders such as the head of marketing, the chief financial officer or the human capital leader takes on increasingly large amounts of investment on their own.”

via IDC

Industrial and Commercial Robotics Upside Investment

Some technology sector M&A activity is relatively immune to market disruptions. The robotics industry received significant investment in 2019, reaching $46 billion. A total of $17.8 billion went to acquisitions and a further $29 billion went into investments, according to ABI Research.

via Digital Lifescapes