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The MS CIO Q2 2024 Survey reveals that spending intentions for the year remain consistent with Q1, with software leading at 3.6% year-over-year growth. AI tops the list of categories with the largest spend increase at 16.7%, followed by security at 12%. Despite overall budget growth expectations holding firm, there are signs that CIO confidence in these budgets and in generative AI may be wavering. The survey highlights 'Offense' categories with the largest spend increases and 'Defense' categories most resilient to cuts, with security being the most resilient. Additionally, VC funding continues to pour into AI and security.
IT budgets 💰 - MS CIO Survey Q2 2024, still same top categories vs. 2023 Offense - largest spend 📈 Al #1 📈 16.3% Security #2 📈12% Defense - most resilient to cuts Security #1 by far No surprise that VC 💰 continues to pour into these categories! https://t.co/qwhhGD0GBe
IT budgets 💰 - MS CIO Survey Q2 2024, still same top categories Offense - largest spend 📈 vs. 2023 AI #1 ��16.7% Security #2 📈 12% Defense, most resilient to cuts Security #1 by far No surprise that VC 💰 continues to pour into these categories! https://t.co/L4p1m9pSFf
MS CIO Q2 2024 Survey Offense - categories w/largest spend 📈 vs. 2023 AI at top of list 📈 16.7% Security #2 📈 11% Defense, most resilient to cuts Security #1 by far And yes, no surprise that💰 continues to pour into these categories! https://t.co/Qg3P6FoRko