GEC NEWS WIREGartner’s annual global survey of CIOs showed that, despite only a modest increase in the enterprise IT budget (2.2 percent globally), spend on digitalization is on the rise.
Gartner analysts presented these findings during the Gartner Symposium/ITxpo. The 2017 Gartner CIO Agenda Survey gathered data from 2,598 CIO respondents in 93 countries and all major industries, representing approximately $9.4 trillion in revenue/public-sector budgets and $292 billion in IT spending. For the purposes of the survey, respondents were categorized as top, average and trailing performers in digitalization.
Data from the 2017 survey shows that CIOs are shifting their investment pattern in response to digital business, with average CIOs already spending 18 percent of their budget in support of digitalization, a figure set to increase to 28 percent by 2018. Top performing businesses (where digitalization is “fully baked” into their planning processes and business model) are already spending 34 percent of their IT budget on digital, and this is predicted to increase to 44 percent by 2018.Survey responses also point to the fact that digital ecosystem membership increases with digital maturity.
“A digital ecosystem amplifies the reach of a company. It enables scalable connections between known partners and customers, but also provides a platform for unknown parties to connect with one another,” said Andy Rowsell-Jones, Research VP at Gartner. “Ecosystems blur industry boundaries and give rise to entirely new kinds of companies, products and services.”
