CIOs are upping IT budgets to meet AI demand
An article from
Dive Brief
Tech leaders must be intentional about where to invest growing budgets and when to build in-house tools instead of buying, a West Monroe report found.
Published Nov. 9, 2026
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Dive Brief:
- Nearly 3 in 4 tech chiefs are allocating more than 10% of their IT budget to AI, up from about one-quarter last year, a Thursday report from West Monroe found. The tech consultancy surveyed 316 U.S.-based executives involved in buying AI and enterprise software or making pricing and product decisions.
- In response to higher AI costs, most tech leaders said they are chiefly increasing their budgets to meet demand for services. Other key actions include consolidating vendors, reducing spend somewhere else or cutting software seats. But software providers say they see demand accelerating faster than buyers expect their budgets to grow.
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