Industry executives and experts share their predictions for 2023.  Read them in this 15th annual VMblog.com series exclusive.

IT investment will increase even in the face of a recession

By Rodrigo Bernardinelli, CEO of Digibee

There is no denying that 2023 will be an interesting year with some longer-standing IT industry trends winding down and new, more modern technologies hitting their stride. 

While there has been plenty of talk about an impending recession, the news certainly isn't slowing investment in IT. If anything, we see an acceleration. According to the experts at Gartner, IT spending is projected to total $4.6 trillion in 2023, an increase of 5.1% from 2022.

Regardless of downturns in the market, competing and winning in business is imperative in any economy. Failure to accelerate, even during down cycles, often leads to the demise of the business. These are hard lessons we learned in 2020. No enterprise wants to be in a position where the business is helpless to respond to sudden changes in the market and economy. 

With enterprises anticipating harder times in the future, many companies are taking preemptive action, urgently modernizing their technology stacks to ensure the business is prepared for whatever lies ahead. While the downsizing of some parts of the workforce may be necessary, automation and other innovations must be in place to ensure these developments don't impact profitability.

Many companies are moving full steam ahead with enterprise integration initiatives that support this strategy. These business cases are built on tangible ROI outcomes where IT costs are offset by efficiencies the technology delivers today and into the future.

A significant advantage with a contemporary integration strategy is the enablement of automation, offloading time-consuming manual tasks so people can work more efficiently, focusing on the things they should be doing, and that deliver the highest value to the business.

These quantifiable outcomes justify the increase in IT spend, future-proofing the business so it remains competitive and profitable even in a slowing market.

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ABOUT THE AUTHOR

 

Rodrigo Bernardinelli is the CEO and co-founder of Digibee. Rodrigo co-founded Digibee based on the principles of simplicity, agility and strong human connections - with the goal of freeing less technically savvy customers from their reliance on developers for more rapid, cost-effective digital transformations. After receiving a bachelor's degree in computer science and an MBA, Rodrigo went on to senior roles at CA Technologies, HP and IBM.