Depends on how important you are to the CIO’s plans
Although we are in a period of economic uncertainty, I have good news: all signs point to an increase in IT spending in 2023. That should of course be good news for startups. However, not everything is rosy, because in turbulent times startups really have to prove themselves.
Companies are realizing that they need to keep an eye on the future and that innovation is more likely to happen in startups, not supposedly reliable ones. Sure, tried and tested can have solid balance sheets, but maybe around 2012 they also stagnated in the ideas department.
CIOs must strike a balance between incumbents and startups when setting their IT budgets for the coming year. Startups building essential services in innovative ways have less to worry about.
“Many strategic CIOs have taken advantage of the combination of remote work and recession to modernize their stack and replace legacy systems with more modern solutions.” Casey Aylward, Partner, Accel
Executives clearly want to invest in their startup’s innovation, but are hesitant to put everything in the startup basket, especially in times like these. It’s understandable, so you have to show that you’re in to win.
We spoke to a number of CIOs, venture capitalists and analysts to get their views on the future of startups in 2023.
Source: La Neta Neta
Jason Jack is an experienced technology journalist and author at The Nation View. With a background in computer science and engineering, he has a deep understanding of the latest technology trends and developments. He writes about a wide range of technology topics, including artificial intelligence, machine learning, software development, and cybersecurity.
