Shifting New Technology Priorities for CIO in 2024 Budgets
New Technology focus of C-level executives is impacting 2024 -2027 budgets
Budgeting is in full swing at most enterprises in the US. Interestingly the focus of CIOs and CFOs is altered and there are big losers and big gainers in allocations for in the budgets for new technologies in 2024. Janco interviewed over 270 C- Level executives including CIOs, CTOs, CX0s, and CFOs.
We found the greatest positive shifts in budget expenditures for new technologies to be in
Artificial Intelligence (+6%) – pure research
Blockchain and cyber currency (+9%) – tied closely with e-Commerce
5G Solutions (+10%) – Tied closely with e-Commerce
Extended and Mixed Reality – tied closely with AI (12%)
3D Modeling/forecasting – tied closely with AI and e-Commerce
At the same time, new initiatives have slowed several technologies that are deemed as mature.
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