According to the International Data Corporation (IDC) Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, spending on compute and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 24.7% year over year in the third quarter of 2022 (3Q22) to $23.9 billion.
Spending on cloud infrastructure continues to outgrow the non-cloud segment although the latter had strong growth in 3Q22 as well, increasing at 16.5% year over year to $16.8 billion. The market continues to benefit from high demand and large backlogs, coupled with an improving infrastructure supply chain.
Spending on shared cloud infrastructure reached $16.8 billion in the quarter, increasing 24.4% compared to a year ago. IDC expects to see continuous strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2023. The dedicated cloud infrastructure segment grew 25.3% year over year in 3Q22 to $7.1 billion. Of the total dedicated cloud infrastructure, 45.2% was deployed on customer premises.
Changing how an IT organization operates is a risky endeavor so if you face such a challenge, this advice from Vishal Kumar may prove to be invaluable.
When asked to explain the meaning of a Technology Operating Model in layman's terms, a former colleague of mine remarked pithily: 'Well, it's the way we do stuff around here'. In the years that have passed since, I have not yet been able to come up with an alternate description that so perfectly marries precision with brevity.
The longer form definition describes it as the way the Information Technology department operates, internally and externally. It encompasses how the department executes and interacts with its customers, how it delivers products and services, and the governance that underpins all its activities.
Begin the new year by tackling the most challenging issues head-on. Here's a rundown of top-level priorities IT leaders must address in 2023.
As the new year arrives, CIOs are facing a challenging to-do list as they strive to maximize IT productivity and efficiency in increasingly unpredictable times.
As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. This is no longer true. 'As the economic pendulum shifts to cost control, CIOs will have to find ways to continue achieving the same results but with less margin for error,' he notes. 'How well teams execute will be key.'
The Highest Priorities for CFOs in 2023 Center Around Rethinking the Finance Function
Evaluating finance function strategy, scope and design is the top priority for CFOs in 2023, according to a survey by Gartner, Inc. A survey of 157 CFOs in November 2022 ranked the top 10 priorities for CFOs for this year, and 90% of respondents selected evaluating finance strategy, scope and design as the top priority, followed by planning and sequencing finance transformation activities.
'CFOs will be stretched thinly across many activities in 2023. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with,' said Marko Horvat, vice president, research in the Gartner Finance practice. 'More than two-thirds or CFOs plan to be significantly involved even in the priorities ranked in ninth and tenth place.'
The macro issues shaping the threat landscape can help security pros reset their priorities and reformulate strategy.
As remote work grows, many organizations are managing a complex web of in-person, online, and hybrid work scenarios while also juggling cloud migrations to support their diversified workforces. For CISOs, this has created a variety of new challenges.
Based on our conversations with security leaders, Microsoft has identified the top three focus areas that CISOs are prioritizing today so you can understand what steps your organization should take to guard against ongoing cybersecurity threats.
Software dominates the world and remains a big and accessible attack surface.
In 2022, an estimated $6B was invested in Application Security, with that number expected to reach $7.5B in 2023. Within AppSec, software supply chain security entered the spotlight two years ago and represents AppSec's fastest growing attack category with major headlines of breaches and exploits happening on a regular basis.
Within this backdrop, a few related mega trends are apparent for the near future of Application Security. First is the growing complexity of development pipelines and dependencies on third-parties in pre-production development environments. Second is the growing synergy between application security and cloud security. Both trends define future security challenges and our predictions for modern application security.
I'm kicking off my blog series, 'Perspectives From A Former CISO,' with my thoughts on leadership.
The series will pull from my experiences as a CISO and those of my peers. To be clear, I don't purport to have the all the answers but did learn a thing to two during my tenure leading teams over the past 28 years. Under my 10-year watch as CISO/CSO, I had an extraordinarily dedicated and tenured team and very low turnover - something almost unheard of in security.
As security leaders look forward to what the new year brings, they're taking stock of everything - their teams, their technologies, their budgets - and trying to plan for what looks to be another challenging year.
While I don't have a Magic 8 Ball, 2023 looks like more of the same - the same budget constraints, the same supply chain problems, and the same cybersecurity challenges. There is also a lot of pressure currently on security leaders to do more with less while also facing more scrutiny and more accountability for the effectiveness of their cybersecurity programs.
Sophisticated and frequent cyberattacks, shrinking budgets, and a scattered workforce have only exacerbated preexisting security challenges to the point that it's hard to know what to address first. So, if you're a security leader still working on your New Year's resolutions, cyber resilience should be No. 1 on your list.
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