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Businessweek
Technology

How Chief Technology Officers Are Investing Big in the Future

A survey of more than 3,000 executives across industries provides a crystal ball into how companies are spending today for tomorrow.

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Illustration: Woshibai for Bloomberg Businessweek

One way to anticipate the next tech revolution is to ask those spending the money: technology leaders. So Bloomberg Businessweek teamed with Bloomberg Intelligence, the analysis arm of Bloomberg LP, to survey 3,038 executives across industries. Their responses, detailed in the Bloomberg Digital Economy Index powered by Infosys, show where chief technology officers at leading companies are focusing spending—and why they’re making those choices.

● The picture that emerged from the survey is one of the most detailed analyses yet of corporate tech spending. Staying ahead on tech is a top priority: 61% of respondents say they expect to increase their tech spending. Of those, 72% will likely increase their budgets by 9% or more this year.