Thu, Oct 6, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

77% of CIOs and CTOs increase their technology spending despite the sector having been hit hard

Wednesday, September 21, 2022

Laxman Pai, Opalesque Asia:

Though high-growth technology companies have been hit the hardest by recent market shifts, however, 77% of companies are expected to either increase their technology budgets in 2023 or keep them the same, said a study.

According to new research from Bain & Company, however rocky the next year may be, technology will continue to play a central role in the global economy, helping to shape how companies create sustained value.

"Of course, there may be budget pressure in the future, but over the long term, to CIOs and CTOs tech is not so much a cost as an investment that spurs productivity," Bain's third annual global Technology Report said.

Despite the current economic climate, technology will remain a critical investment and a central source of productivity across global businesses, it pointed out.

"Value is largely determined by innovation and revenue growth and today the technology sector has been hit hard," said David Crawford, leader of Bain & Company's Global Technology practice. "Still, CIOs and CTOs are increasing their technology spending. Increasingly business leaders view technology as an investment in driving productivity, speed, and competitiveness even in difficult budget environments."

As companies consider ways to leverage new technologies, they do so within the context of unprecedented geopolitical, macroeconomic, and innovation trends.

As the US heightens its regulatory oversight of Chinese companies, China......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume

  2. Opalesque Video: Systematic Japan strategy follows the 'Keep it Simple' rule[more]

    B. G., Opalesque Geneva: For those looking to invest in the current opportunities underlying managed futures in Japan, here is a strategy that does just that, with the benefits of leverage, shorts, Big Data, proprietary technology, and academic research on market psychology. K2Q Capital'

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Opalesque Exclusive: How blockchain is helping the small guy invest in hedge funds[more]

    B. G., Opalesque Geneva: ADDX, Asia's largest private market exchange, is on a mission to democratise the private capital markets through blockchain and smart contract technology. With these technologies, the exchange can eliminate manual interven

  5. Opalesque Exclusive: Japan quant strategy uses academia as starting point of investment research[more]

    B. G., Opalesque Geneva: Shin Samurai is a thorough systematic Japan macro strategy, which takes advantage of behavioural biases by using mathematical and statistical techniques. It also relies heavily on academic research for idea generation, and combines the said research with a deep understand