Business

CIOs Weigh Economic Pressures on Tech Investment Strategies

Pressures like inflation, rising labor costs and vendor risks may be straining budgets, but investments in technology modernization aren’t likely to slow down, a panel of CIOs said.

Suman Bhattacharyya

Contributing Writer

Economic pressures, including the possibility of a recession, are pushing CIOs to be more strategic about where they’re deploying their technology dollars. This might mean looking at the ensemble of tech investments to determine what could be scaled back, reviewing contracts with vendors, or reevaluating IT requirements in response to the growth of remote and hybrid work.

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