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June-August 2018

European CIOs have budget balancing act ahead of them

Many European technology leaders are expecting to increase IT spending through 2018 and investments will be directed to a range of key areas, including data management, technology infrastructure and regulatory compliance. That is the conclusion of ComputerWeekly/TechTarget IT Priorities survey, which questioned 1,875 European technology decision makers on their buying decisions for 2018. While most CIOs expected their IT budgets to rise this year, there is less consensus about how that money will be spent, with some IT chiefs envisioning a reduced rate of investment in certain technologies. Experts suggest this reduced rate of increases could be due to the broad range of priorities faced by modern CIOs and a continued focus on operational concerns. Just over a quarter (28%) of European IT leaders responding to the survey expected their budgets to increase by more than 10% this year, which represented a 25% year-on-year rise. In addition, 23% expected their IT budgets to increase by between 5% and 10%, and 9% anticipated a rise ...

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