Latest CIO survey shows steady deceleration in tech spending

theCUBE Breaking Analysis + upcoming broadcasts [Latest CIO survey shows steady deceleration in tech spending]( There’s [a steady decline in CIO spending expectations]( according to the latest survey data from Enterprise Technology Research, confirming what many already believed to be true. Yet despite a meaningful deceleration from 2021 expectations, CIO spending growth forecasts still remain well above historical norms. “Relatively speaking, the spending dynamic is still strong. It just doesn’t feel that way because we’re coming out of an historic anomaly,” Vellante states in this week’s Breaking Analysis column, “[Latest CIO survey shows steady deceleration in tech spending]( Where are CIOs prioritizing spend? Examining the implications of the survey findings, Vellante looks into the reasons CIOs are slowing their spending momentum and details cost-cutting strategies and spending priorities. Cybersecurity remains top of the budget priority list, but “what’s really notable is the uptick in data-related areas,” Vellante states. He’s referring to the rise in importance of analytics and data warehousing, which has pushed cloud migration spend down a level to take second place in CIO spend priorities. Wrapping the report with a list of his top takeaway messages from the latest spending data, Vellante repeats his upbeat message. “Although it feels like a meaningful slowdown, the sky is by no means falling,” he writes. “Leading tech companies are well-managed and have plenty of runway on the balance sheets.” Check out Vellante’s [full report]( and catch up with the entire Breaking Analysis column on [SiliconANGLE]( and [Wikibon](. You can also [watch Dave’s analysis on YouTube]( or listen as a [podcast](. [Read the full report]( [Walmart's rising supercloud status]( It’s a long way from Silicon Valley, but Bentonville, Arkansas, is an emerging hotspot for enterprise supercloud. Retail giant Walmart, which has its global headquarters in the town, used to be known for discount deals and [fashion memes](. Now there’s a new image as Walmart becomes a tech innovation leader. A [special report]( by Paul Gillin, senior editor at SiliconANGLE Media, details how the company has spent the past two years building a platform that meets [our definition]( of a supercloud. The Walmart Cloud Native Platform creates seamless integrations between its preferred public cloud providers. This setup has allowed Walmart to use data persistence from one provider and caching from another, for example, without having to install the full cloud stack onsite. “We abstract away the provisioning and policy management and built that into our pipelines. We want people to take advantage of best-of-breed services,” said Kevin Evans, vice president of infrastructure services at Walmart. Walmart developed the abstraction layer internally and uses Red Hat Inc.'s OpenShift version of Kubernetes to orchestrate containers running on top of a 93,000-node compute fabric. Learn more about [Walmart’s efforts to scale this supercloud approach to its business]( and learn more about [the rise of the Supercloud here](. [Cybersecurity Awareness Month on theCUBE: It's a people problem]( October is the spooky season. But we’re not talking Halloween horrors. In the IT world, October is [Cybersecurity Awareness Month]( a time when CISOs and governments join forces to educate on the very real dark forces lurking in cyberspace. With the theme “See Yourself in Cyber,” [this year’s campaign]( addresses an issue at the root of data insecurity: people. Despite the escalating risk of cyberattack, most people don’t take their role in securing data seriously, leaving an open door to criminals. Four action steps make it simple to up your protective stance: Think before you click, update software, use strong passwords and enable MFA. Year-round coverage with theCUBE Security is a [year-round focus]( for theCUBE. Just last month we hosted the “[Cybersecurity: Detect and Protect Against Threats]( event, and this week’s [Breaking Analysis]( takes a look at how security spend is still a top priority despite the slowing market.  See [here]( for theCUBE's summer checkpoint on cybersecurity trends and challenges for 2022, and [here]( for a deep dive on cybersecurity stocks relative to current market uncertainties. Upcoming CISO events from theCUBE include “[A Blueprint for Trusted Infrastructure]( where experts will explain how to build cyber resilience into an organization’s base architecture, and “[Why Ransomware Isn’t Your Only Problem]( an event that reveals how IT leaders are misjudging their cyber-preparedness level. [Follow theCUBE's coverage here]( [Top News: Editors' Picks]( [US places new restrictions on chip technology sales to China]( - [The U.S. introduced new rules that will restrict the sale of chips and chip production equipment to China.]( - [The first set of rules announced today focuses on limiting chip exports to China. A new foreign direct product rule will block companies from supplying customers in China with chips that are used for “advanced computing and artificial intelligence applications,” Protocol reported. The rule can reportedly apply not only to products from U.S. companies but also to chips that foreign firms produce using U.S. technology.]( - [The U.S. will prohibit U.S. citizens, permanent residents and companies from servicing and maintaining chip production equipment to which the export restrictions apply. The Commerce Department will add 31 companies in China to its unverified list, which tracks organizations that may pass sensitive technology to organizations under export restrictions. The department is also expanding the existing export restrictions that apply to 28 companies on its Entity List.]( [AMD’s stock drops as it warns of third-quarter revenue shortfall; Samsung profit slumps too]( - [Computer chipmaker Advanced Micro Devices Inc. last Friday warned it’s likely to miss third-quarter sales projections by more than $1 billion, stoking concerns over the sputtering market for semiconductors and sending its stock down.]( - [AMD’s stock fell more than 4% in the extended trading session, and the drop had a knock-on effect on rivals Intel Corp. and Nvidia Corp., which both lost more than 2%.]( - [Meanwhile, Samsung late last Thursday reported that, also because of the chip downturn, its operating profit is likely to drop more than 31% from a year ago, to 10.8 trillion won ($7.6 billion). When the company, which makes memory chips as well as consumer products, reports final earnings later this month, it also expects revenue to rise 2.7%, to 76 trillion won ($53.9 billion).]( What to expect at AnsibleFest: Join theCUBE Oct. 18 Oct. 18-19, theCUBE will be in Chicago for the first in-person AnsibleFest since 2019. Join us for keynote analysis and firsthand insights from the Ansible community, streaming live from our roving news desk, theCUBE. [Read more]( siliconangle.com [Live this week on theCUBE!]( Oct. 11: Join theCUBE at IFS Unleashed Every organization wants to unleash its full potential and differentiate through service, but most don’t know how. On Oct. 11, theCUBE will feature use-case examples on maximizing efficiency and keeping customer satisfaction levels high at [the IFS Unleashed event]( Join theCUBE’s exclusive [IFS Unleashed coverage]( and tune in on Oct. 11 to hear use-case examples for supply-chain security, how IFS is managing scaling challenges, and the latest innovations in industrial and financial systems, service management and enterprise resource planning software. Oct. 12: Smoothing the path to hybrid cloud Hybrid has become the default cloud model, and companies that haven’t already adopted a hybrid cloud strategy probably need to do so as soon as possible. On Oct. 12, theCUBE presents a special event: “[Accelerate Hybrid Cloud With Nutanix and Microsoft]( Learn about the importance of the Microsoft-Nutanix partnership and how the Nutanix Cloud Clusters on Azure solution helps organizations simplify and accelerate their hybrid cloud experience. [Add this free event]( to your calendar today! Oct. 13: The data security disconnect There’s a major disconnect between data protection plans and [the reality]( of the threat landscape, according to new survey findings from IDC. On Oct. 13, Druva joins theCUBE to discuss “[Why Ransomware Isn’t Your Only Problem]( in a special event focused on the tools, solutions and best practices for strengthening an organization’s data resiliency.[ ]( [Add the date]( to your calendar, and join IDC's Research VP Phil Goodwin and Druva's data-resiliency experts at the free event. NEXT WEEK ON theCUBE Oct. 18: Intelligent cyber resiliency Talks on cybersecurity strategy are back this Oct. 18, as the second episode of the “Blueprint for Trusted Infrastructure” event airs. [The first episode]( explored methods for addressing the sprawling threat landscape. In the second installment, Dell Technologies security experts will discuss the need for trusted infrastructure in cybersecurity strategies and how it can help organizations build cyber resiliency while maintaining operational agility.  [Mark your calendar now]( -- don’t miss this informative event! [Follow theCUBE's upcoming broadcasts!]( SiliconANGLE Media Inc. | [SiliconANGLE.com]( [View as Webpage]( [[Twitter] ]( [[YouTube] ]( [[LinkedIn] ]( SiliconANGLE Media Inc | 5 Mount Royal, Suite 280, Marlborough, MA 01752 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by communication@siliconangle.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](