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44% of CIOs indicated their organization is decreasing investments in emerging tech

Source: https://etr.plus/articles/summer-2020-ets-prelim-highlevel

ETR launched its bi-annual Emerging Technology Study two weeks ago to gauge CIO sentiment levels across the private enterprise technology landscape. To date, ~800 CIOs have provided planned evaluations, recent evaluations, utilization intentions and replacement intentions across 300+ technology frameworks and early stage technology companies.

Based on the preliminary data, 44% of CIOs indicated their organization is decreasing investments in emerging tech due to COVID-19.

The negative impact from these organizations allocating less resources can be quantified by analyzing the data captured through ETR’s Emerging Technology Study and comparing those results to prior studies (see the chart below).

For example, among Fortune 1000 organizations, we’re capturing a notable deceleration vs 6 months ago and year-ago levels in emerging tech ‘evaluations’ (planned and current), while the number of CIOs that have ‘no plans to evaluate emerging technologies they are aware of’ has significantly risen. Though several private emerging vendors will benefit due to COVID-19/WFH, in aggregate, the data is pointing to notable declines across the private emerging tech landscape.

To learn more about the data behind this article and what ETR Research has to offer, visit https://etr.plus/.

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