Enterprises across the globe are relying on digital technologies like the Cloud for better agility and flexibility. This in turn requires investing in the right technologies at the right time, and seamlessly integrating them with the mainstream business.
As the year 2021 is drawing towards a close, organizations are gearing up for ambitious growth targets for the year 2022. According to Gartner, on average, Chief Information Officers (CIOs) across the globe are expecting a bump in their IT budgets by 3.6%.
While this may sound as a trivial increase in percentage terms, it would be the single highest year on year (YoY) growth in IT spending over a period of one decade. This was revealed recently in Gartner’s CIO and Technology Executive Survey for the year 2022.
This survey was aimed at measuring the deployment state for different emerging technologies over the next year. Interestingly, a sizeable 66% of the survey respondents had their eyes set on spending more on cyber and information security.
Interestingly, this spending on information and cyber security outperformed some mainstream technologies like Artificial Intelligence (AI) and Machine Learning (ML). Spending on AI and ML was a top priority for 48% CIOs, as compared to 66%.
This speaks a lot about how cyber and information security are being thrust into the limelight as a daunting challenge for enterprises. Cyber security risks are also higher in the post pandemic work, due to a much larger threat surface as a result of remote work.
However, it was nearly impossible that spending on Cloud Computing solutions and services was not among the top IT spending priorities for 2022. Nearly 44% of the CIOs that were surveyed by Gartner wanted to spend on a distributed cloud as their 3rd major priority.
In the year 2022, we will see the rise of contextually aware cyber and information security tools as well as solutions. These solutions will take cyber security to the outer most sphere of the workplace, where remote work is actually taking place.
Based on the above survey, we expect that the year 2022 will be a really busy one for Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs).