In our second study gauging technology executives’ focus and perspective in the era of COVID-19, we may be seeing a glimmer of hope that technology’s value is being realized and being viewed as a key element in navigating business challenges and driving business forward. In the current study, 41% of ITDMs anticipate their tech budgets will increase in the next 12 months (bouncing back from 25% in April), and another 35% expect budgets to be stable. But perhaps even more telling, while organizations are cutting expenses in many areas, only 23% anticipate that their tech budgets will be cut, compared with 35% who were expecting such action back in April.
Technology’s bellwether status seems to rely on organizations accelerated need to digitally transform – in fact CEOs’ top priority for IT continues to be to lead digital business/digital transformation initiatives…
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