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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

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. Cold: On-prem infrastructure As they did in 2022, many IT leaders are reducing investments in data centers and on-prem technologies. “We in 2023, the firm says.

Budget 145
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The World Lags With SBOM Requirements, But Likely Not For Long

Forrester IT

Putting teeth behind the Executive Order, an Office of Management and Budget September 2022 memorandum allows agencies to request a software bill of materials (SBOM) from suppliers. […]

Budget 195
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IDC: Pace of enterprise applications sales will increase next year

CIO Business Intelligence

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. Cloud is taking an ever-larger proportion of IT departments’ budgets, and the picture is no different here.

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Looking for non-dilutive funding? 5 tips for startups seeking small business grants

GeekWire

Agencies set aside a percentage of their budget for the programs. The pool of money available for STTR grants is smaller, but they also receive fewer applicants than SBIR grants, said Giersch. Plan lots of lead time Giersch advises applicants of phase I grants to get started at least 10 weeks before the due date.

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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

This contrasts with the 262,595 layoffs recorded in 2023, averaging approximately 22,000 per month, and 164,969 in 2022, averaging around 13,747 per month.” “The industry data from Layoffs.fyi, a platform monitoring workforce reductions in the tech industry, reveals that 24,584 employees across 93 companies have been laid off in 2024.

Budget 90
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Security helps raise global enterprise IT spend

TM Forum

Worldwide spend on IT is set to rise faster during 2022 than previously forecast, according to new data by Gartner and. trillion in 2022. , and 8% on IT spending in the country for 2022 and 2023. Separately, Deutsche Telekom’s Digitalization Index for SMEs 2021/2022. Gartner estimates that. up 4% from 2021.

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Top 10 business needs driving IT spending today

CIO Business Intelligence

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.

Budget 135