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Submission: On July 14 via manual from US — Scanned from DE
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Text Content
Skip to main content CONTINUE TO SITE ➞ DON'T MISS TOMORROW'S TECH INDUSTRY NEWS Let CIO Dive's free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. * Deep Dive * Opinion * Library * Events * Press Releases * Topics Menu * Search * Sign up Search * IT Strategy * Cloud * Security * Big Data * AI * Software * Leadership An article from Dive Brief SECURITY TO TAKE AN OUTSIZED ROLE IN IT SPENDING IN 2023 Modernization has taught companies that cyber spend is a smart investment. Published Oct. 4, 2022 Matt Ashare Reporter * * * * * baona via Getty Images DIVE BRIEF: * Security is taking an outsized role in technology spending and is expected to creep into into software, hardware and cloud budgets in 2023, according to Spiceworks Ziff Davis survey of more than 1,400 IT professionals conducted in June and released last week. * In addition to edging out productivity applications and accounting for 11% of software budgets, security will consume 7% of hardware spending and 6% of cloud spending, according to the report. Security and business applications will share the top spot in managed IT services budgets, each with an 11% share. * Security also ranked as one of the primary use cases for AI technologies, reflecting a broad prioritization of cyber. “If you look across all of these categories, security is a line item in all of them,” Peter Tsai, senior technology analyst at Spiceworks Ziff Davis, said Wednesday during a SpiceWorld 2022 panel. “If you add all of them up, security is one of the top standing areas overall.” DIVE INSIGHT: Most companies are reacting to a potential recession by cutting back on discretionary spending and other areas of the business while increasing tech budgets, according to the survey. Cybersecurity will be one of the bigger line items in 2023 IT budgets. Total spending on software will comprise 28% of 2023 IT budgets, topped only by hardware, which will command a 30% share, according to the report. Cloud-based and managed services account for the remaining share of tech budgets. “You can buy security as a hardware appliance, as standalone software or as a cloud service,” Tsai said in an interview with CIO Dive. “They are all interconnected.” The focus on security is, in part, a learned behavior at many companies, according to Jim Rapoza, VP and principal analyst at Aberdeen Strategy & Research, a division of SWZD. Modernization has taught companies that cyber spend is a smart investment. “Older systems increase your security risk,” Rapoza said. “You have systems with known holes, systems you’re keeping together with duct tape in order to integrate with cloud, containers or edge [computing] — when you do that, you're increasing the security problems.” As companies survey the threat landscape, consider the costs of security breaches and deploy software and hardware to mitigate risk, investments in recruiting and upskilling cyber talent can be added to the final tally for security budgeting. “You always need help,” Jeff Grettler, global director of IT at SWZD, said during the panel. “Even if you're fully staffed, you just always feel like there should be like one more set of hands, one more set of eyes, one more layer that protects you, especially when it's around security.” * post * share * tweet * print * email Filed Under: Security, Software, Hardware & Infrastructure CIO DIVE NEWS DELIVERED TO YOUR INBOX Get the free daily newsletter read by industry experts Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. EDITORS' PICKS * Justin Sullivan via Getty Images 3 TECHNOLOGY LESSONS FROM SOUTHWEST’S IT FAILURE Not all $1 billion tech investments are equal when it comes to paying down technical debt. By Matt Ashare • Feb. 2, 2023 * AndreyPopov via Getty Images THE COST OF BAD SOFTWARE ADDS UP Businesses must reconfigure the development process, tackling the biggest issues first on the road toward software redemption. By Jen A. Miller • Jan. 13, 2023 GET THE FREE NEWSLETTER Subscribe to CIO Dive for top news, trends & analysis Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. MOST POPULAR 1. FTC investigation of OpenAI: What CIOs need to know 2. Knowledge workers see the potential of generative AI but are limited by skills gap 3. Discover pulls new CIO from Wells Fargo 4. How CIOs select their inner circle LIBRARY RESOURCES * Infographic How to Boost Collaboration and Frontline Productivity in Retail Custom content for Slack * Trendline The evolution of electronic health records Supported by Lumen Technologies * Survey Report Retail Success: Reimagine Communication & Information Flow Custom content for Slack View all COMPANY ANNOUNCEMENTS * Devnaut Launches to Redefine Engagement with Complex Codebases From Devnaut * Selector Enhances Network Observability and AIOps Platform with Full-Stack Capabilities From Selector AI * Franklin Apprenticeships and Lightcast Unveil Comprehensive Report on Tech Skills and Jobs in … From Franklin Apprenticeships View all | Post a press release WHAT WE'RE READING * Axios Associated Press strikes news-sharing and tech deal with OpenAI * Bloomberg Google’s AI Chatbot Bard Gets Belated European Release * CNBC Google, Meta got data from tax prep firms, lawmakers call for probe View all INDUSTRY INTEL * 3 Steps for Building a Holistic Digital Workplace Strategy Webinar - on demand • Provided by Lakeside * A Peak Behind the Curtain of the Underground Criminal Economy Webinar - on demand • Provided by Akamai * How to Secure Hybrid, Multi-Cloud, and SaaS Webinar - on demand • Provided by Rubrik CIO DIVE NEWS DELIVERED TO YOUR INBOX Get the free daily newsletter read by industry experts Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. COMPANY ANNOUNCEMENTS View all | Post a press release Devnaut Launches to Redefine Engagement with Complex Codebases From Devnaut July 14, 2023 Selector Enhances Network Observability and AIOps Platform with Full-Stack Capabilities From Selector AI July 11, 2023 Franklin Apprenticeships and Lightcast Unveil Comprehensive Report on Tech Skills and Jobs in … From Franklin Apprenticeships June 30, 2023 Editors' picks * Justin Sullivan via Getty Images 3 TECHNOLOGY LESSONS FROM SOUTHWEST’S IT FAILURE Not all $1 billion tech investments are equal when it comes to paying down technical debt. By Matt Ashare • Feb. 2, 2023 * AndreyPopov via Getty Images THE COST OF BAD SOFTWARE ADDS UP Businesses must reconfigure the development process, tackling the biggest issues first on the road toward software redemption. By Jen A. Miller • Jan. 13, 2023 Latest in Security * Cybercriminals target highly profitable companies, study finds By Jim Tyson * The role for AI in cybersecurity By Sue Poremba * AI linked to new crop of business email scams By Alexei Alexis * Google backs $20M effort to train students for key cybersecurity jobs By David Jones -------------------------------------------------------------------------------- * * * * EXPLORE * About * Editorial Team * Contact Us * Newsletter * Article Reprints * Press Releases * What We're Reading REACH OUR AUDIENCE * Advertising * Post a press release * Submit an opinion piece RELATED PUBLICATIONS * Cybersecurity Dive -------------------------------------------------------------------------------- image/svg+xml Industry Dive is an Informa business © 2023 Industry Dive. All rights reserved. | View our other publications | Privacy policy | Terms of use | Take down policy. Cookie Preferences / Do Not Sell Search * Home * Topics * IT Strategy * Cloud * Security * Big Data * AI * Software * Leadership * Deep Dive * Opinion * Library * Events * Press Releases GET CIO DIVE IN YOUR INBOX The free newsletter covering the top industry headlines Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter.