Cyber attacks have caused some of the greatest disruptions to critical infrastructure and data access globally in the last two years or so. In 2022, Chief information officers (CIOs) expect their IT budget to increase in order to prevent them from cybersecurity threats, according to a new study.
Well over half (59%) of CIOs expect their budget to increase in 2022 – up from 49% in 2021, said the State of the CIO Report by IDG Communications. For enterprise, the increase in budget is even higher (63%) and slightly lower for SMBs at 55%. Only 10% of organizations expect their budget to decrease this year.
“From COVID-19 to digitization, the CIO role has evolved considerably over the last two years,” said Stacey Raap, Marketing & Research Manager, IDG Communications, Inc. “Our annual research highlights the major factors contributing to this shift and offers critical insight on how IT leaders are better balancing business innovation and operational greatness.”
Security is the top concern for CIOs
According to the findings, more than half (57%) of CIOs surveyed indicated the need for security improvements as a top reason for increasing tech budget this year, followed by…
