Almost 8 in 10 (79 per cent) IT leaders expect to increase their tech budgets over the next one to three years.
The top priorities for investment were improving security (40 per cent) and adding AI and machine learning capabilities (31 per cent).
IT leaders also have growing concerns around the environmental impact of IT networks. One in five (20 per cent) placed ‘understanding the environmental impact of their IT infrastructure’ in their top three priorities and around the same (19 per cent) named reducing the environmental impact of their IT infrastructure as a priority.
Buddy Bayer, chief operating officer, Colt Technology Services, said, “The way businesses think about digital infrastructure has fundamentally changed: it’s now front and centre for generating growth and securing new revenue opportunities.
“The planned investment highlighted by our research reflects this mindshift. At the same time, it's heartening to see sustainability become a priority for IT leaders as they look to reduce emissions and minimise the environmental impact of their networks.”
Colt Technology Services surveyed over 1000 IT leaders in 12 countries across Europe, the US, and Asia.