Moderate IT Budget Increases Have CIOs Shaping 2025 Strategies To Suit
CIO, Thursday, August 22nd, 2024
IT leaders look to invest in AI, cut cloud spending, automate manual processes in differing measures, depending on budget outlooks as economic uncertainties loom.
With uncertain economic conditions on the horizon, including stubborn inflation in many parts of the world, high interest rates, and volatile stock markets, CIOs face unique budgetary pressures for the year to come.
Despite those complications, a huge majority of IT leaders expect their organizations' IT budgets to increase - at least moderately - in the next fiscal year, with IT talent and software spending leading the way.