Technology Spending Steadily Grows
- Oct 25, 2021 7:11 pm GMT
Digital technology initiatives and changing workplaces are fueling spending increases.
In 2022, IT expenditures are projected to reach $4.5 trillion, an increase of 5.5% from 2021, according to the latest forecast by Gartner, Inc. While overall spending is up, some segments are growing more aggressively than others.
Digital technology is a broad term encompassing a number of recent technical advances, such as cloud, mobile devices, the Internet of Things, and artificial intelligence and machine learning. Together, they provide executives with more information about company performance and reduce the friction evident in internal and external business processes. Because of the benefits, energy companies continue to invest in these solutions, which Gartner broke into five categories.
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