Companies are spending more on IT right now. An Enterprise Strategy Group (ESG) study found that almost two-thirds of organizations intended to increase IT spending in 2022. They especially planned to outlay more on cybersecurity, cloud-based applications and artificial intelligence (AI).
Some of this spending is being done to offset a general skills crisis in IT. This is an effort to compensate, to some degree, for the struggle many HR departments face in filling urgent cybersecurity positions.