IT spending in the high-tech industry is surging, driven by the need for innovation and the adoption of AI, cloud computing, and automation. These investments aim to enhance operational efficiency and give companies a competitive edge. However, they also present challenges such as cybersecurity threats, data management complexities, and legacy system integration. How then are high-tech organizations prioritizing their spending? This report examines current IT spending trends, insights from our benchmarking survey, and the implications for the industry’s future, concluding with the role of IT in fostering innovation and maintaining competitiveness in the high-tech sector. (13 pp., 3 fig.)
IT Spending Trends in High-Tech 2024
August, 2024
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