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Gartner projects major IT spending increases for 2025

CIO

Free the AI At the same time, most organizations will spend a small percentage of their IT budgets on gen AI software deployments, Lovelock says. The company also plans to increase spending on cybersecurity tools and personnel, he adds, and it will focus more resources on advanced analytics, data management, and storage solutions.

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Simplify your storage management by leveraging a universal storage layer

CIO

In today’s IT landscape, organizations are confronted with the daunting task of managing complex and isolated multicloud infrastructures while being mindful of budget constraints and the need for rapid deployment—all against a backdrop of economic uncertainty and skills shortages.

Storage 167
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6 tips for making the most of a tight IT budget

CIO

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. Despite an estimated increase to IT budgets of 5.1% The year 2023 seems to be no different.

Budget 207
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5 hot IT budget investments — and 2 going cold

CIO

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. On-prem infrastructure will grow cold — with the exception of storage, Nardecchia says. This should secure our business strategy for the next five years and longer.”

Budget 218
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CIOs are overspending on the cloud — but still think it’s worth it

CIO

Moreover, even as CIOs spend more on cloud services than they have budgeted for, they seem to believe operating workloads on premises would be even more expensive, Sellers says. In a Jevons paradox, resources that tend to get cheaper over time can simultaneously experience higher levels of consumption, thus driving up spending.

Cloud 133
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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. Secure storage, together with data transformation, monitoring, auditing, and a compliance layer, increase the complexity of the system. And for some organizations, annual cloud spend has increased dramatically.

Cloud 209
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Nutanix CEO sees multi-year opportunity after Broadcom’s VMware acquisition

CIO

“People are finding that steady-state workloads can be run much more effectively and cost-effectively in their own data centers,” said Ramaswami, highlighting how X (formerly Twitter) optimized its cloud usage, shifting more on-premises and cutting monthly cloud costs by 60%, data storage by 60%, and data processing costs by 75%.