Top IT Spending Forecast 2023
As another year comes to an end, it’s time to reflect on how businesses should prepare for the future. What would be the top IT tech trends for 2023? Which digital-driven improvements will reflect in enterprise financials? How will the annual IT budget look in 2023? And why should one pay attention to global spending trends?
Top Technology Trends that are Shaping the Future
Digital technologies and digital transformation (DX) have facilitated business resiliency and employee productivity during the turbulent global pandemic. The pandemic was a catalyst for businesses’ digital transformation, as they quickly adopted newer technologies like Blockchain, AI, Machine learning, IoT, Cloud, and robotics. However, many companies across industries are still grappling with the aftereffects of the global pandemic, and this trend is likely to continue in 2023. The recent economic challenges due to inflation, economic downturn, risks of financial instability, and recession are also taking a toll. Such world-changing events have resulted in many sudden changes within the IT sector.
The technological changes inspired by COVID-19 have accelerated existing IT trends like contactless payments and industrial automation. However, the IT industry is no stranger to these changes. Quickly adapting the IT sector has shifted its focus from cost advantage to a customer advantage approach. CEOs, CIOs, and IT leaders should look beyond cost savings and instead focus on accelerating their business’s digital transformation.
Gartner’s top strategic technology trends for 2023 are broadly based on three key themes optimize, scale, and pioneer:
- Optimize business resilience with pioneering technologies for higher reliability.
- Scale solutions and increase the speed of product delivery, and
- Pioneer the market with high customer engagement and improved response time to new virtual markets.
Whether you optimize and scale your business operations, products, and services, one can’t refute that businesses have a higher probability of success when they stay current with ongoing technology trends. Technology-led innovation gives businesses a much-needed competitive advantage to survive in today’s competitive landscape.
So, let’s check out our infographic to get an overview of top tech spending trends for 2023 to know where the industry is heading.
Source-
- https://www.gartner.com/en/newsroom/press-releases/2022-10-18-gartner-survey-of-over-2000-cios-reveals-the-need-to-accelerate-time-to-value-from-digital-investments
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