A new survey from Gartner found that a majority of CIOs are focusing their investments this year and next year on AI and distributed cloud technology.
The 2022 CIO and Technology Executive Survey features data gleaned from 2,387 CIO and technology executive respondents in 85 countries, representing about $9 trillion in revenue/public-sector budgets and $198 billion in IT spending. The survey focused on on “business composability” — which involves the mindset, technologies and set of operating capabilities that enable organizations to innovate and adapt quickly to changing business needs.
Monika Sinha, research vice president at Gartner, said business composability is an “antidote to volatility.”
“Sixty-three percent of CIOs at organizations with high composability* reported superior business performance compared with peers or competitors in the past year. They are better able to pursue new value streams through technology, too,” Sinha said, adding that the findings from the survey were presented during the Gartner IT Symposium/Xpo Americas.
Topping the list of planned investments for 2022, cyber and information security was cited by 66% of all respondents as an area that they expected to increase investment for next year.
More tha half said business intelligence and data analytics would also be areas where they plan to invest heavily