Gartner survey of CIOs highlights investments in AI, cloud and cybersecurity
Summary
"Sixty-three percent of CIOs at organizations with high composability* reported superior business performance compared with peers or competitors in the past year. More tha half said business intelligence and data analytics would also be areas where they plan to invest heavily next year. A high level of composability would help an enterprise recover faster and potentially even minimize the effects of a cybersecurity incident," Sinha said. Sinha explained that most high-composability enterprises set up strategic planning and budgeting as a continuous and iterative activity to adjust to change more easily. "Without big deficits to remedy elsewhere, CIOs can afford to invest in composability, especially for IT developers and business architects who can design in a composable manner," Sinha said, adding that globally, IT budgets are expected to grow at the fastest rate in over ten years with an average growth of 3.6% in overall IT budget for 2022 reported among all survey respondents.