Organizations are focusing investments on security and analytics, while actively researching emerging technologies such as machine learning and artificial intelligence (AI), according to IDG’s ‘2018 CIO Tech Poll: Tech Priorities’ – a poll among a respondent base of 180 heads of IT. The survey results are being published by CIO – IDG’s executive-level IT media brand providing insight into business technology leadership.
The survey data shows that a greater percentage of tech leaders expect their IT budgets to remain the same, after five years of increases. However, enterprise organizations still expect strong tech budget growth. Overall, 50% of tech leaders anticipate budget increases in 2018 – which increases to 57% for enterprises (1,000+ employees).
The CIO survey would show the greatest increase in budget allocation towards predictive analytics (47%), business continuity/disaster recovery (47%), public cloud (46%) and hybrid cloud (45%).
Applications that will see an increase in investment include business intelligence & analytics, mobile enterprise apps, and projects to secure enterprise information assets. The focus on security would continue – when asked which technology project is the single most important project that their IT department is working on currently, the majority of IT leaders said business continuity/disaster recovery.
“IT departments continue to make strides towards a more digital and secure organization,” said Adam Dennison, SVP / general manager, IDG Events, and publisher, CIO. “This year’s CIO Tech Poll results confirm that emerging technology projects and applications remain top of mind for tech leaders and that these capabilities are essential for organizations to remain competitive in this time of digital transformation.”
Machine Learning, AI, IoT
Emerging technologies would continue to play a role in developing digital businesses. The top emerging technologies that are being actively researched by CIOs align with this mentality, which includes machine learning (44%), artificial intelligence (AI) (44%) and Internet of Things (IoT) (37%). All of which are also being piloted at various organizations – IoT (15%), AI (14%) and machine learning (11%).
Additionally, IoT and machine learning fall on the top-5 list of technologies that are expected to have a great impact on organizations over the next three to five years. Organizations are not just considering new technologies, they are open to new vendors, according to IDG’s CIO survey report. Tech leaders report that 15% of tech spending will be spent on new tech companies this year.