HomeTechnology & InnovationCybersecurity, Cloud among top tech priorities for midsize enterprises
By Economy Middle East
September 27, 2022 2:21 pm

Cybersecurity, Cloud among top tech priorities for midsize enterprises

MSEs are increasing budgets to fund their top technology
Tech priorities
Tech priorities

Security and risk management, application and integration strategies, and infrastructure and operations are the top three tech priorities for midsize enterprises (MSEs) in 2022, according to a recent Gartner survey.

“MSEs are shifting investments and even increasing budgets to fund their top tech priorities,” said Mike Cisek, VP Analyst at the management consulting company. “However, the accelerated rate of change in security, infrastructure, applications, and cloud ecosystems complicates the selection of new tools, requiring MSE technology leaders to rapidly operationalize investments to deliver time to value.”

As MSE tech leaders head into the 2023 budgeting season, they face challenges including inflationary headwinds and a potential economic recession. Due to the size and scale of their operations, MSEs are often the first to feel the effects of inflation and are most susceptible to long-term negative impacts.

In the 2022 Gartner CEO and Senior Business Executive Survey, 86 percent of MSE CEOs cited a belief that there would be a significant rise in inflation, with the majority anticipating that inflationary impacts would be felt for the subsequent 12 to 36 months. The most common response to inflation among MSE CEOs was to increase prices, followed by cost optimization efforts.

“During times of economic uncertainty, digital investments must align to business priority and support finance’s cash-flow strategies. MSEs can most effectively navigate inflation by rationalizing their technology portfolios while investing in solutions that will yield financial or productivity benefits to IT, employees, and customers,” added Cisek.