Digital innovation budgets on the rise across A/NZ – ARNnet

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Budgets for digital innovation projects appear to have enjoyed an increase this year, despite spending cuts elsewhere, according to new research. 

Just over half of the chief information officers (CIOs) in Australia and New Zealand surveyed in a new study by industry analyst Gartner said that funding for digital innovation in their organisation has increased this year as a result of the COVID-19 pandemic.

While 54 per cent of respondents revealed an increase in spending this year, two-thirds said they expect it to increase in 2021.

The 2021 Gartner CIO Agenda survey gathered data from 1,877 CIO respondents in 74 countries, including 111 CIOs in A/NZ, across the public, private and non-profit sectors.

Globally, survey respondents projected a 2 per cent IT budget increase for 2021, on average – slightly down from the 2020 survey.

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