target audience: TECH SUPPLIER Publication date: Mar 2022 - Document type: IDC Survey - Doc Document number: # US48934022
Drivers of Technology Investments and Implications of Inflation for IT Spending Plans: Insights from IDC's February 2022 Future Enterprise Resiliency and Spending Survey, Wave 1
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Abstract
The IDC Survey covers a range of factors that can influence general technology investments and DX plans with a focus on disruptions in technology supply chains and general inflation. At the start of 2022, most IT organizations (84%) planned to maintain or increase technology investments with an emphasis on expanding the use of as-a-service options while also catching up on dedicated infrastructure modernization. Most IT leaders around the world also anticipate that general inflation and IT supply chain issues will alter cost assumptions, but a majority of those are considering increasing their ICT budgets more than they originally planned rather than delaying technology investments.
Technology and the use of data is much more deeply embedded into industry ecosystems and business processes (DX) around the world. Government entities of all types (legislative, judicial, regulatory) are also showing an increasing willingness to engage in shaping technology investments, conditions of use, and competitive environments. This IDC Survey provides insights based on results from IDC's February 2022 Future Enterprise Resiliency and Spending Survey, Wave 1, of 798 IT and business leaders around the world.
"Digital-first leaders accelerate transformation to counter inflation," explains Rick Villars, group vice president for Worldwide Research at IDC. "While many organizations will consider budget changes or FinOps products/services to minimize inflation's impact on IT spend, leaders will use technology to counter the impact of inflation in the business."