In a recent paper on the impact of COVID-19 on technology buying patterns, Gartner found that that while IT spending this year is likely to fall by 8% spending on cloud computing is likely to increase. The coronavirus pandemic and effects of the global economic recession are causing CIOs to prioritize spending on technology and services that are deemed “mission-critical” for digital workplace development over initiatives aimed at growth or transformation, a Gartner spokespeople explained in a statement. Despite belt-tightening measures, many organizations are projected to ramp up public cloud computing spending.
