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1、Defying Economic Turbulence,Supercharging Team Growth,and Embracing Tech InnovationsIntroduction 3IT Spending is Growing,Even Amid Recession Worries 4Chapter 1:Investing Strategically in Transformation 5Lingering COVID-19 Impacts 7How Companies Are Cutting Costs 8Yet Increasing Budgets for 2024 9 IT

2、 Budget Allocation:Detailed Spending Breakdowns 10Workplace Modernization is Driving Spending 12Chapter 2:The Human Element in Tech 13Hiring is Hard Even After Layoffs 14Where Tech Teams are Thriving and Struggling 15Attributes of Top Performing Teams 17Chapter 3:Innovating for Tomorrow 19 Emerging

3、Tech Adoption Trends 20AI Taking Center Stage 21Security is Still A Primary Driver 22About the Research 24Table of ContentsTheres good news,even when theres bad news.Yes,COVID-19 is still impacting tech organizations,the economic outlook is uncertain,and layoffs continue.But companies are adapting t

4、o these ongoing challenges and continuing to invest in technology.Spending has tightened in some areas,but much more often than not,IT budgets are expected to increase.Even as layoffs make headlines,most organizations plan to grow their workforce in 2024.However,while attracting tech workers is a pr

5、iority amid an IT labor shortage,most senior leaders say its difficult to hire skilled IT talent.And to fill this gap and as companies adjust to new workplace realities,organizations are embracing emerging technologies like AI and zero trust security solutions.This annual State of IT report fielded

6、in late June and July 2023 offers useful insights,whether youre an IT professional needing to get approval for your IT budget,or if youre a tech vendor making future marketing plans.Importantly,over the past several years,our research has shown investments in technology have yielded positive results