Logo Header Menu

Gartner CIO Agenda 2021 — increased spending in cyber security most commonly projected

Gartner has revealed findings for its CIO Agenda 2021, which surveyed thousands of CIOs and found that 61% project increased spending in cyber security Gartner CIO Agenda 2021 — cyber security tops IT spending forecasts image

The Gartner study, which surveyed 1,877 executives with the CIO role, found that cyber/information security topped the priorities for IT spending in 2021, followed by business intelligence/data analytics (58%), and cloud services/solutions (53%).

During a roundtable, organised to display the findings, Jan-Martin Löwendahl, distinguished research vice-president at Gartner, said that this trend has been happening before the pandemic struck and distributed workplaces became more common.

“The more you put into the cloud or other external sources, the more you have to invest in cyber security,” said Löwendahl. “I would argue that an integral part of any chief information officer role is to guard the data.

“In principle, this is not different to what was happening before Covid, but it is different in scale.”

Tomas Nielsen, research vice-president at Gartner, added: “At Gartner, we’ve created a Covid-19 resource centre, and the principle here remains the same: to protect the information assets.

“Yes, the more distributed the work environment becomes, the more distributed protection you need to see, but our analysts are looking into how we address this distributed security and remote working security.

“It’s not fundamentally different, but the top investment opportunity is in cyber security.”

While these areas, along with process automation (44%), AI/machine learning (41%) and digital workplace capabilities (37%) are all projected to see a maximum of 3% decrease among CIOs, spending on infrastructure and the data centre is predicted by respondents to decrease by 33%.

According to Gartner, these findings demonstrate how CIOs will go about reducing friction and drag (detrimental supplier performance), one of four ways to make a difference in digital business acceleration and long-term agility that were identified.

Top performing CIOs prioritising digital innovation — Gartner

The 2021 CIO Agenda from Gartner surveyed nearly 2,000 CIOs globally and found that top performing companies are prioritising digital innovation during the pandemic. Read here

On the flip-side, 40% of CIOs said that they would not be reducing funding in any area of the business in 2021, compared to 2020.

Variety among industries

When asked how much they expect total and IT budgets to change from 2020 to 2021, an average of 2.5% growth and 2% growth respectively was projected overall.

In terms of industry, life science, retail, banking and insurance were revealed to be the most optimistic, with these sectors projecting growth of over 2.5% for total and IT budgets.

In contrast, the higher education, government and auto sectors all project an average decrease above 1% for IT budgets, with higher education (-5.7%), one of the hardest hit during the pandemic, predicting the biggest decline.

However, when addressing the budget projection figures for higher education, Nielsen commented: “Higher education CIOs expect a revenue decrease of nearly 6%, but only around 2% reduction of IT budget.

“This is a testament to the ongoing commitment to digital. This is a common theme, because one thing we’re seeing coming out of Covid-19 is that digital business still matters, it is still a priority for CIOs and the board of directors.”

The top five CIO challenges

The role of the CIO is changing; Andy Mack from Echo Managed Services looks at top challenges facing the CIO. Read here

Impact on board activity

As well as gaining views from CIOs, Gartner also revealed findings from its Board of Directors survey, ‘View from the Board of Directors 2021’, which found that overall, the pandemic is driving digital business innovation.

69% of board members said that digital initiatives have accelerated, while an increase in operational excellence through digital business was declared by 61%.

In addition, 50% said that cost optimisation has been driven through digital business, while only 3% believe that digital business initiatives have decreased.

This article is tagged with: CIO, CIOs, Gartner, IT Spending

Sign up for Information Age Newsletters

Latest news

divider
Government & Public Sector
The hidden procurement hurdles between us and successful UK vaccination

The hidden procurement hurdles between us and successful UK vaccination

15 January 2021 / In the fight against the ongoing Covid-19 pandemic, the UK has launched its biggest mass-vaccination [...]

divider
Releases & Updates
2021 AVEVA Academic Program Competition announced

2021 AVEVA Academic Program Competition announced

15 January 2021 / Open to residents in the United States, Canada, UK and EU countries, the AVEVA competition [...]

divider
Research
DevOps positions to be hardest to fill in 2021, say HR professionals

DevOps positions to be hardest to fill in 2021, say HR professionals

14 January 2021 / Demand for DevOps experts skyrocketed as organisations of all sizes shifted to remote working in [...]

divider
IT management
How to switch IT service provider with minimal disruption to your business

How to switch IT service provider with minimal disruption to your business

14 January 2021 / Heading into 2020, businesses named IT investment as a key priority for the upcoming year. However, [...]

divider
Research
Worldwide semiconductor revenue grew 7.3% in 2020 — Gartner

Worldwide semiconductor revenue grew 7.3% in 2020 — Gartner

14 January 2021 / With semiconductor revenue growing to total $449.8 billion globally, 44% of growth in this area [...]

divider
Releases & Updates
Pat Gelsinger to be appointed Intel CEO, as Bob Swan looks to step down

Pat Gelsinger to be appointed Intel CEO, as Bob Swan looks to step down

13 January 2021 / The pending change in leadership at Intel, the announcement of which saw its stock go [...]

divider
Healthcare
Socura insight paper addresses NHS cyber security challenges

Socura insight paper addresses NHS cyber security challenges

13 January 2021 / The latest insight paper from Socura explored the post-Covid-19 cyber security landscape within healthcare organisations, [...]

divider
People Moves
Former Aviva executive Will Wood joins INSTANDA as Life and Health lead

Former Aviva executive Will Wood joins INSTANDA as Life and Health lead

12 January 2021 / New appointment Wood will be responsible for growing and managing the Life and Health business [...]

divider
Diversity
Diversifying the future: diversity trends in tech for 2021

Diversifying the future: diversity trends in tech for 2021

12 January 2021 / A new year is always a time for reflection and anticipation, and for many of [...]

Do NOT follow this link or you will be banned from the site!

Pin It on Pinterest