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Tech Leaders Share 2017 Tech Spending Plans and Priorities

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Tech leaders shared their focus on specific technology initiatives across more than a dozen areas, including the stage of adoption each technology falls into at their organization.

CIO — the executive-level IT media brand providing insight into business technology leadership — reveals the strategic and spending plans of tech leaders in the CIO Tech Poll: Tech Priorities 2017 research .

Results from more than 180 heads of IT show that organizations are focusing investments on analytics and security, and identifies how emerging technologies and vendors are being integrated into organizational technology strategy.

Technology continues to be an investment area for organizations. More than half (56%) of organizations anticipate budget increases in 2017, continuing the pattern started in 2012. In 2017, IT leaders will be increasing investments in numerous applications and platforms with business intelligence & analytics (71%), securing enterprise information assets (59%), CRMs (47%) and mobile enterprise apps (46%) leading the pack. Additionally, tech leaders shared their focus on specific technology initiatives across more than a dozen areas, including the stage of adoption each technology falls into at their organization. Growth areas that CIOs are researching include Artificial Intelligence (AI), Internet of Things (IoT) and machine learning/cognitive systems. Top areas which have moved from initial adoption to upgrading include business continuity/disaster recovery, data management/storage and co-location services.

“Organizations continue to explore ways to conduct business smarter and protect assets and processes,” said Adam Dennison, senior vice president & publisher of CIO. “The Tech Poll results confirm that we are in an exciting time of technology growth, where organizations are exploring technologies that will enhance legacy systems, and new solutions and emerging vendors that will elevate their business.”

Tech leaders are spending time and budget with emerging tech vendors — in fact 20% of overall tech spending will be with new tech companies. Organizations are most likely to use a new vendor on projects related to data & analytics (57%), IoT (43%), cloud computing (43%) and mobile (38%). To evaluate these new vendors, IT teams are participating in pilots and product testing as well as attending conferences. Prior to adoption, new vendors are held to a higher level of scrutiny on associated security risk than tenured vendors.

Source: Telecom Industry

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