9 of 10 respondents cite increased prices from vendors as a top challenge
Global economic pressures and lingering impacts of the pandemic are reshaping the business landscape. But technology budgets continue to expand and are undergoing a seismic shift toward innovation. While the transition from traditional on-premises solutions to agile, scalable cloud-based services remains significant, artificial intelligence (AI), machine learning and automation are becoming cornerstones of a modern IT strategy, driving transformative changes across industries.
Flexera’s 2023 State of Tech Spend Pulse offers an analysis of global spend trends in technology based on a survey of 506 IT decision makers and influencers across various industries. One standout finding illustrates this expected surge, with nearly a third of respondents expecting AI/machine learning to significantly increase over the next twelve months, and 44% of respondents anticipating a slight increase.
Expected change in technology investments in the next 12 months
N=506
Source: Flexera 2023 Tech Spend Pulse (Figure 20) 
Join us for the 2023 Tech Spend Pulse joint webinar with guest speaker, Forrester’s Chris Gilchrist and Flexera’s Brian Adler and Tyler Stanczak to hear the latest trends in technology spend.
Discover valuable insights, including:
- Strategic budget shifts: Understand the dynamic changes in technology budgets and what these shifts mean for your organization. Learn how to strategically allocate resources for maximum ROI
- AI-driven optimization: Learn how AI is revolutionizing tech spend, enabling smarter budget allocations and decision making. Gain actionable insights to leverage AI for cost-effective growth
- Business and IT alignment: Discover proven methodologies to align your IT spending with business objectives. Learn how to prioritize projects and initiatives that offer the highest business value
Don't miss this opportunity to gain invaluable insights directly from the experts and utilize the findings to refine your own tech spend strategy. Equip yourself with the knowledge to make data-driven decisions and better manage your IT estate in ever-evolving digital landscape.