Gartner Inc answers the daunting question of whether or not enterprise IT is recession proof live from GartnerSYM. Discover the answer now in CIO Dive via Matt Ashare. GartnerIT
Enterprise IT spending is projected to reach $4.6 trillion worldwide in 2023, a year-over-year increase of 5.1%, according to a Gartner report released Wednesday.
“CIOs proved that they had the solutions to problems in 2020,” said John-David Lovelock, distinguished VP analyst at Gartner. “Now, CEOs and CFOs are going back to CIOs to help them solve problems and giving them more money to help other departments save money.”Economic slowdown, persistent inflation and concerns over a potential recession may be pushing companies to trim overall spending.
Customer-facing IT and using technology to create revenue-generating products and services were a priority for companies this year, Lovelock said.
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