IT spending set for another year of growth

Businesses are expected to spend a total of $4.2 trillion on information technology (IT) this year, an increase of 8.6 percent on 2020, a new report from Gartner suggests.

The analyst firm claims organizations are still suffering revenue declines, but that many of them are increasing their IT spending ahead of revenue expectations. However, boards and the C-Suite are not ready to throw money at just about any technology out there; they are looking at specific technologies that can help them improve business outcomes.

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