Amid AI boom, tech can’t afford to neglect spending in these IT areas [Video]

With a little over four months left in 2024, where should companies be allocating their IT budgets for the remainder of the year? It’s clear that artificial intelligence remains a focal point for investments, but technology leaders need to be careful not to neglect other areas.

Here are some key areas that CIOs and other tech executives should focus on, according to experts.

Protecting the safety and privacy of data is a component of IT that is never out of vogue and that demands sufficient funding.

“Cyber threats continue to evolve, and as digital transformation accelerates, so does the potential for cyberattacks,” said Christopher Gilchrist, principal analyst at research firm Forrester.

“With the increase in remote work, cloud adoption, and IoT devices, the attack surface for cyber threats has expanded significantly,” Gilchrist said. “Regulatory compliance requirements are also becoming more stringent across industries, necessitating investments in robust cybersecurity frameworks and compliance tools.”

Allocating budgets to enhance cybersecurity…