Why CIOs have bigger IT budgets for 2018, and what they're buying
You can tell a lot about a company's values and its priorities by the way it spends its money. Each October on ZDNet we do a special report on how business leaders are planning to spend their tech budgets for the year ahead.
In our survey of 2018 plans, we found that nearly two-thirds of decision makers are increasing their technology budgets in 2018, and almost a quarter of them are boosting their tech spend by 10% or more. Both numbers slightly higher than the results from our 2017 survey.
SEE: Tech Budgets 2018: A CXO's Guide
Among the respondents, the top technologies that they are investing in are:
- Cybersecurity (mentioned by 53% of respondents)2. Hardware upgrades (47%)
- Cloud services (43%)
- Software (40%)
- Big data analytics (20%)
- Internet of Things (18%)
Aside from specific tech projects, 35% of leaders said they are investing in training existing employees and 29% said they are investing in hiring new employees.
We also polled TechRepublic's CIO Jury, where 83% said their IT budgets would increase or stay the same in 2018. They also cited cybersecurity as a top concern, but highlighted hybrid cloud as a priority as well.
To learn more, read our full special report "Tech Budgets 2018: A CXO's Guide." You can read all of the articles here on ZDNet or you can download them in one PDF on TechRepublic, available for free to registered users.
ZDNet's Monday Morning Opener
The Monday Morning Opener is our opening salvo for the week in tech. Since we run a global site, this editorial publishes on Monday at 8:00am AEST in Sydney, Australia, which is 6:00pm Eastern Time on Sunday in the US. It is written by a member of ZDNet's global editorial board, which is comprised of our lead editors across Asia, Australia, Europe, and the US.
Previously on Monday Morning Opener:
- iPhone X: Sorry Apple, but I just can't face using Face ID
- Far from deja vu, Google yet again repeating history
- It's now or never for wireless charging
- IBM's Watson Data Platform aims to become data science operating system
- Beyond the iPhone: How Apple is positioning itself for the next big thing
- Big data and digital transformation: How one enables the other
- Amazon doesn't sweat competitors, but every other company needs to answer the Amazon question
- Chromebooks will not move into business if they cannot be bought
- The real success of AI will only come with treating workers well
- Public cloud, private cloud, or hybrid cloud: What's the difference?