The 2021 tech spending boom: Cyber, cloud, hybrid work and data will drive 8% IT budget growth - SiliconANGLE

Every chief executive is figuring out the right balance for new hybrid business models. Regardless of the chosen approach, which will vary, technology executives understand they must accelerate digital and build resilience as well as optionality into their platforms. This is driving a dramatic shift in information technology investments at the macro level as we expect total spending to increase at 8% in 2021, a big turnaround from last year's contraction. Investments in cybersecurity, cloud, collaboration to enable hybrid work and data, including analytics, artificial intelligence and automation are the top spending priorities for CxOs. In this post we'll share some takeaways from ETR's latest survey and provide our commentary on what it means for markets, sellers and buyers. We'll also explain what we think Wall Street is missing about Amazon's latest earnings.