In a 2014 survey, responses from 178 CIOs suggested that the majority of organizations (87 percent) are planning to maintain or increase IT budgets with an average budget increase of 4.9 percent.Investments in core technologies, such as infrastructure, networks, and storage, received the largest budget allocation. Annual spending increased by 5 percent to 32 percent on edge technologies, such as mobile, social, customer relationship management (CRM), and marketing automation. The focus of new IT projects continues to be revenue growth,
a strategic objective of many organizations.3