Business
monday.com’s Latest Data Report Finds 64% of IT Decision Makers Across Regions Plan to Increase Software Budgets In 2023
The company also announces a new strategic hire in Global Chief Information Officer, Tsfarir Ezra NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- monday.com
About this update from Monday.com Ltd.
[{"type":"text","content":"\nThe company also announces a new strategic hire in Global Chief Information Officer, Tsfarir Ezra\n\n NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--\nmonday.com Ltd. (NASDAQ: MNDY) (“monday.com”), a work operating system (Work OS) where organizations of any size can create the tools and processes they need to manage every aspect of their work, today released a new report where they surveyed IT decision-makers from the U.S., U.K., and Australia (AU) to learn how IT teams globally are approaching their work, IT spend, and software decisions. Together with these insights, monday.com is also hiring a Global IT executive of their own in newly appointed Chief Information Officer Tsafrir Ezra, hired to spearhead data management across the entire organization.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221116005127/en/Infographic featuring monday.com's Global results from the IT Decision Makers survey. (Graphic: Business Wire)\nThe report, created in partnership with independent research company RepData LLC, found that IT teams across the world are most focused on finding software that increases organizational efficiency, and they’re willing to consolidate their tech stacks to create a more productive workplace.\n\n“These survey findings emphasize that the global digital transformation is well underway and here to stay,” said Tsafrir Ezra, Chief Information Officer, monday.com. “While trends are emphasizing consolidation, we expect 2023 to be a promising year for the software industry, with increased budgets and expansions. IT leaders are more focused than ever on ensuring their tools are making their teams more productive and will be more likely to cut unnecessary tools in favor of doubling down on the ones that increase efficiency.”\n\nThe report includes a number of notable findings about how IT decision-makers are approaching work this year and beyond, including:\n\n\nSoftware budgets are increasing globally.\n\n\nMore than half of IT decision makers (57% of U.S., 54% of U.K., 56% of AU) increased their software budgets in 2022.\n\n\nEven more expect to increase those budgets in 2023 (67% of U.S., 55% of U.K., 68% of AU).\n\n\n\n\nGlobal IT teams are streamlining their work by consolidating their software tools.\n\n\nMore than half of U.S., U.K., and AU IT decision...