CIO Technical Priorities in 2019
- Dec 13, 2018
According to CIO Tech Poll: Tech Priorities 2019 survey, 57% of CIOs expect their technology budgets to increase over the next 12 months. This growth is quite consistent with the last years of this study. However, technology priorities are constantly changing based on the tools organizations have implemented over the past year and on current business needs.
The base is 200 IT leaders from various countries. Check out the main results.
Cybersecurity Not surprisingly, cyber security remains a top priority for organizations. By 2019, 72% of technology executives expect their spending on cybersecurity to rise, while 25% report that it will remain at the same level as in 2018. Currently, 63% of organizations have cyber security solutions in use - 17% of which are updating / refining your solutions. Of the companies that do not have cyber security solutions, 36% are researching or testing their solutions. In addition, 17% of IT leaders report that cybersecurity is the most important project in which their IT staff is currently working.
Cloud Computing About two-thirds (67%) of IT leaders expect their cloud computing spending to increase in 2019, which shows that organizations are investing in new cloud tools or upgrading their current solutions. As we go deeper, we see that 59% of organizations have cloud solutions and another 12% are updating their solutions. When asked about what is their most important IT project currently, 10% of IT executives have said that cloud computing.
Business Process Management / Workflow Automation Business process management / workflow automation is the top technology that IT executives say is their most important technology project today (31%). With increasing pressure and the desire to become a digital business, this should come as no surprise, since much of what is behind the successful digital transformation comes from efficiency and automation. Nearly two-thirds (63%) of organizations report that their workflow management / business process management spendings will increase in 2019.
Artificial Intelligence and Machine Learning Although Artificial Intelligence (AI) and Machine Learning (ML) are not yet widely adopted technologies, it is expected that these tools will play a greater role in 2019. 60% of IT leaders consider IA / ML a disruptive technology , which means that it has the potential to significantly change the way companies operate and 47% of IT executives expect their budget allocation to increase to IA / ML by 2019. In addition, 54% of IT leaders say that are currently on the radar or being actively searched.
Use of Emerging Technology Vendors With these new technologies coming to the fore, technology vendors have some work to do to stay in the minds of IT leaders. The good news is that CIOs report that 15% of the total technology budget was spent on new tech companies in 2018, and 41% predict that this percentage will increase over the next 12 months - a 33% increase in the last year.
So how do new technology vendors prove their viability and win business? Technology leaders are looking for case studies and proof of concept, insight into product roadmaps and future plans, and references from past customers.