target audience: TECH SUPPLIER Publication date: Oct 2023 - Document type: IDC Survey - Doc Document number: # US49819923
Worldwide Monthly Technology Investment Monitor: August 2023 — Economic and IT Spend Attitudes, GenAI Investment Priorities, Strategic GenAI Partner Preferences, and Digital Infrastructure Outlook
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Abstract
This IDC Survey examines the worldwide monthly technology investment monitor for August 2023. IT leaders continue to face an array of conflicting challenges in 2023 as they manage IT budgets that anticipate potential economic disruptions while continuing to react to the emergence of generative AI as a major new technology development. In August 2023, IDC connected with IT leaders around the world to gain an insight into how they continue to navigate disruptions and prioritize technology investments, especially related to digital infrastructure. The emergence of generative AI in late 2022 wasn't seen as an important new investment area in early 2023, but by August, it was a major new investment priority that will affect allocation of IT budgets for years to come.
IDC connected with IT leaders around the world in August 2023 to gain insights into how they are navigating disruptions and prioritizing technology investments. We also delved into how widely companies are rethinking digital infrastructure priorities. In IDC's Future Enterprise Resiliency and Spending Survey, Wave 7, IDC asked 886 IT decision makers in North America, Asia/Pacific, and Western Europe to indicate how concerns about inflation, recession skills shortages, generative AI, and other developments are affecting technology investments for the next year.