Every 7 in 10 global CIOs say IT budgets will increase as digital transformation gains prominence post-Covid

Apr 27, 2022

By: Rounak Jain

Digital transformation remains important in 2022

The COVID-19 pandemic has changed the view of top executives of companies around the world when it comes to digitising their operations.

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IT companies around the world have benefited from this

Digital transformation efforts in companies around the world has resulted in a blockbuster growth of IT companies around the world.

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Increased IT budgets here to stay

Every 7 in 10 CIOs surveyed by Rakuten SixthSense say their IT budgets will increase two years after the COVID-19 pandemic struck.

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Understanding the importance of IT better now

9 out of 10 CIOs say they understand the importance of information technology (IT).

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CIOs now understand the benefit of software-as-a-service

77 percent of the CIOs say they are embracing SaaS because of the benefits it offers.

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Benefits of SaaS

The surveyed CIOs underline some of the benefits of SaaS, including bringing new capabilities to the market quickly, scalability and cost efficiency.

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The technologies that CIOs are interested in

The list includes software development, quality assurance, monitoring solutions, data management and availability, cloud and infrastructure, among others.

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Challenges that CIOs face today

This includes data management, quality, availability, cost of data management, and talent to drive data initiatives.

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Tech talent hiring demand at unprecedented levels

The survey states that the demand to hire tech talent is at an unprecedented level – over 50 percent higher than the levels observed in 2019.

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