IT, Main Driver Of Value To An Enterprise
FutureCIO, Tuesday, January 2nd, 2024
IT has become one of the main drivers of value to an enterprise, according to Omdia's tenth-annual IT Enterprise Insights study. Moreover, the majority of respondents (74%) confirm increases to their overall budget allocated to enterprise IT in 2023, from only 62% in 2022.
The survey of over 6,500 global IT executives across 56 countries and 16 industry sectors revealed that increasing operating efficiency is the top business priority. On the other hand, the top IT priority is managing security, identity, and privacy.
The wider market adoption of GenAI has not yet shifted the enterprise technology priorities and spending, but is expected to change as more organisations move from evaluating and lab testing GenAI solutions to using them in business processes and operations.