UNLOCK CIO DATA AND INSIGHTS
A sneak peek inside the report
Cloud Adoption Dominates Enterprise IT Investments
- Cloud Modernization: Cloud modernization emerged as a key focus, with 51% of responses prioritizing this area. SaaS deployments are expected to outpace on-premises solutions, with cloud-based services driving significant operational and cost efficiencies.
- Migration Trends: CIOs are prioritizing migrating legacy applications to the cloud, with 80% indicating a strong push toward modern, cloud-based systems. 71% of CIOs also report they are broadly reevaluating where best to run cloud workloads. A growing emphasis on storage and application migration to the cloud (66%) further supports this trend.
AI is a Strategic Differentiator
- AI Transformation: CIOs are leveraging AI for strategic improvements to the business, with 89% indicating strong focus. This is complemented by broader AI/ML-enabled technologies, cited by 80%, highlighting a key role in transforming business operations.
- AI-Enhanced Customer Experience: Applying AI to expedite processes and enhance customer service (63%) underscores a dual focus on operational efficiency and stakeholder engagement.
Cybersecurity Investments Surge
- Ransomware Protection: With 61% citing ransomware as a priority, cybersecurity remains top of mind. Modern cybersecurity solutions (24%) are increasingly vital for safeguarding enterprise assets, yet also highlights that not enough innovation in cyber defense is breaking out into broader adoption.
- Data Security Risks: Concerns around data security, information leaks, and privacy risks garnered 80% of responses, reflecting the heightened focus on regulatory compliance and trust.
Updating Infrastructure for Value Creation
- Modernizing Digital Infrastructure: 50% of respondents indicate significant investment in modernizing digital systems. CIOs are also prioritizing end-to-end automation (22%), highlighting efforts to streamline workflows and enhance productivity.
- Talent Challenges: With 90% of CIO’s reporting significant challenges acquiring the talent they need to evolve or modernize their IT systems, being able to keep up with the pace of technology change, which is a top priority (50%) will remain a major challenge for IT departments.
Emerging Industries and Regional Growth
- North America: As the largest regional contributor, with 45%, North America drives enterprise IT spending through robust adoption of emerging technologies and cloud solutions.
- Europe, Middle East, and Africa (EMEA): Garnering 30%, EMEA reflects a balanced approach to digital transformation, focusing on both innovation and regulatory adherence.
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