IDC: With possible recession looming, IT pros plan spending adjustments
Facing what they perceive as an inevitable recession, IT planners are moving ahead with infrastructure investment but also calculating how to shift priorities if spending cuts become unavoidable, according to monthly surveys by IDC.Roughly 81% of respondents expect their spending to stay the same or increase for 2023, despite anticipating economic “storms of disruption." The results are based on surveys conducted in November and December 2022 of more than 800 IT decision makers in North America, Asia/Pacific, and Europe.Cloud spending is increasing, and an IDC Quick poll of 69 CIOs from its global CIO Executive Council conducted in December found two-thirds of them are already spending more on cloud services than they budgeted. The two studies are cited in the IDC report “Early 2023 Cloud Budget Outlook: Aligning IT Spending with the Business Conditions” published this month.To read this article in full, please click here