CIOs Anticipate Bigger Budgets in 2015

By Dennis McCafferty  |  Posted 12-01-2014 Email

CIOs are forecasting increased budget growth for next year, according to a recent survey report from CEB. A significant share of the spending is supporting innovation and business-benefiting programs, findings reveal. This speaks to the rising presence of CIOs in nontech-related activities, as they emerge as top strategic influencers. To support enterprisewide goals for 2015, IT departments will likely seek to further improve customer experiences, analytics and cloud services. "It's encouraging to see such a bright outlook for IT spending in 2015," says Andrew Horne, managing director at CEB. "Almost three-quarters of a company's priorities now depend on technology, whether that's launching a new product to the market or opening a new office. This means the IT team is working more closely than ever with the rest of the business." However, not all the news is encouraging, as tech staffing levels are expected to remain flat, according to the findings. CIOs representing an estimated 200 global organizations took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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