Information technology budgets next year are expected to rise at a faster rate than they have in more than 10 years with chief information officers deploying tools to support more modular and adaptable business models.
IT budgets, which are expected to increase 2% this year, are forecast to grow 3.6% in 2022, according to research released Monday by Gartner Inc. The technology research and advisory firm based its finding on a global survey of almost 2,400 CIO and technology executives across industries.
Gartner said the spending increase is linked to efforts by companies to be more modular, or what it calls “composable,” meaning they are able to bring together different organizational resources to tackle new business opportunities and challenges.
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