More than 53 percent of organisations report their board of directors are among the main decision-makers for emerging technology (ET) investments, just behind CIOs and CTOs.
According to a report compiled by Gartner, ET purchase decisions are not under IT department control any more.
Gartner senior principal research analyst, Danielle Casey said the business has more confidence in these technologies as they move past the hype and toward tangible ROI, resulting in growing investments and scaling out projects.
The analyst claims 5G drew the highest average investment in 2021, with survey respondents reporting an average of $465,000 invested in the technology.
This was followed by IoT at $417,000 and edge technologies (i.e., edge AI and edge computing) at $262,000.
Edge technologies are projected to experience the highest investment increase in 2022, growing 76 percent to $462,000.
“Organisations are using 5G and edge technologies to improve employee productivity, augment existing products and services by making them more connected and intelligent, and automate business processes”, Casey added.
Moreover, Gartner said 90 percent of survey respondents reported ET investments are either meeting or exceeding user expectations.
