IT budgets could actually be set to rise in 2023

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Despite dire financial outlook for much of the globe, a new study has claimed many IT departments are expecting to increase their budgets in the next year.

Spiceworks Ziff Davis (SWZD)’s 2023 State of IT report (opens in new tab) cites the highest levels of inflation in 40 years, and the upward trend in energy prices, as some of the key drivers of uncertainty when it comes to businesses deciding where to invest their cash.

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