The State of IT in 2024: Bigger Budgets, More Cybersecurity

2024 is on the horizon and with it, a new landscape in IT. While this could be said each year (the IT industry is, by definition, built on rapidly evolving demands and requirements), 2023 stands out as a transitional focal point as industries and the technologies underpinning them shift into a post-Covid world. 

A recent report based on surveys conducted by Spiceworks provides a few key glimpses into what to expect:

  • Increased IT budgets: Two-thirds of respondents to Spiceworks’s survey indicated plans to increase IT spending next year. The most common areas of increased spending are upgrading infrastructure, increasing focus on IT-related projects, and enhancing security.

  • A greater focus on IT automation: Many companies (45% of those surveyed) are investing in IT solutions that require less human labor. Automation is a high priority, with AI and deep learning-based solutions as secondary goals. 

  • No one cares about blockchain anymore: Well, not quite “no one,” but only 16 percent of companies surveyed have plans to invest in blockchain-related technologies as part of their 2024 IT investments. 

The report also indicates a faint degree of optimism amongst IT providers, with 68 percent of respondents indicating improvements in workplace security, 63 percent citing increased application uptime, and 61 percent seeing increased customer satisfaction. 

Figuring out your IT budget for 2024? Not sure when to upgrade your hardware or software? Nodal can help! Contact us today.