{"id":22569,"date":"2022-05-09T09:32:07","date_gmt":"2022-05-09T13:32:07","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=22569"},"modified":"2022-05-09T12:12:24","modified_gmt":"2022-05-09T16:12:24","slug":"top-business-needs-driving-it-spending-today","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/top-business-needs-driving-it-spending-today\/","title":{"rendered":"Top Business Needs Driving IT Spending Today"},"content":{"rendered":"<p id=\"arIndex_0\" data-ar-index=\"0\">The IT budget is growing at a rapid pace and is expected to surpass the 2021 figures. A 2022 State of the CIO report identified the top 10 business needs that drive IT spending.<\/p>\n<p id=\"arIndex_1\" data-ar-index=\"1\">These include increasing cybersecurity protections (49%), increasing operational efficiency (46%), improving customer experience (42%), transforming existing business processes by 41% and improving employee productivity (27%).<\/p>\n<p id=\"arIndex_2\" data-ar-index=\"2\">Others needs on the list include improving profitability (24%), new product development (22%), improving hybrid work technologies (21%), increasing topline revenue for the business (20%), and meeting compliance requirements (19%).<\/p>\n<p id=\"arIndex_3\" data-ar-index=\"3\">Another report by the Info-Tech Research Group in its CIO Priorities 2022 report found similar trends.<\/p>\n<p id=\"arIndex_4\" data-ar-index=\"4\">According to Info-Tech, the top priorities for competing in the digital economy include reducing friction in the hybrid operating model, improving ransomware readiness, supporting a worker-centric retention strategy, developing an automation platform and preparing reports on new ESG indicators in the areas of environment, social affairs and governance.<\/p>\n<p id=\"arIndex_5\" data-ar-index=\"5\">The sources for this piece include an article in <a href=\"https:\/\/www.cio.com\/article\/309753\/top-10-business-needs-driving-it-spending-today.html\" target=\"_blank\" rel=\"noopener\">CIODIVE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IT budget is growing at a rapid pace and is expected to surpass the 2021 figures. A 2022 State of the CIO report identified the top 10 business needs that drive IT spending. These include increasing cybersecurity protections (49%), increasing operational efficiency (46%), improving customer experience (42%), transforming existing business processes by 41% and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,349,378],"tags":[476],"class_list":["post-22569","post","type-post","status-publish","format-standard","hentry","category-companies","category-development","category-digital-transformation","tag-critical-infrastructure"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/22569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=22569"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/22569\/revisions"}],"predecessor-version":[{"id":22571,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/22569\/revisions\/22571"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=22569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=22569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=22569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}