Forrester Research found that IT budgets will see more dollars in the upcoming year . Forrester ’ s Predictions 2023 : Tech Leadership paper reported that 67 % of responding IT decision-makers anticipate increased budgets .
But Forrester Vice President and Principal Analyst Bobby Cameron said many of those CIOs won ' t see enough of a bump in their 2023 budgets to beat inflation , meaning their budgets are actually flat or even down in actual spending power . This means CIOs need to do more with the same – or they may argue , less .
As such , cloud adoption will continue to be an important thread running through all enterprises moving forward as it empowers greater IT flexibility and accessibility , ultimately accelerating speed to value and empowering better decision making .
Here at Epicor , we are laser focused on how we can help our customers leverage the data they have at their disposal to gain the insights they need to better serve their customer base . In 2023 , we expect more companies to develop their data strategies , seeing it as integral to driving Digital Transformation .
As a result , we anticipate an increase in hiring and valuing digital natives who understand analytics in order to unlock further business value .
Driving forward a data-driven approach for our customers will create a collaborative ecosystem in which organizations can collectively share their anonymised datasets . This is an era in which computing power and business intelligence can be applied at scale to drive meaningful industry-wide impact , creating collaborative , data-driven business networks that not only help companies strengthen their own operations , but also seamlessly connect to adaptive industry ecosystems .
This allows them to bolster visibility , automate workflows , anticipate issues and adjust in real-time . It ’ s about stronger industry-wide investment and commitments toward connectivity , collaboration , and trust that will help pave the road to a stronger , more resilient supply chain .
Whether you are running a small business or a large enterprise , implementing the right IT team and strategies can benefit multiple areas of the business . For example , whether in-house or offsite , a reliable IT team can help your business keep records of operations , support with data storage and management , help with unforeseen technical problems and monitor a network for good performance .
This is an era in which computing power and business intelligence can be applied at scale to drive meaningful industry-wide impact .
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