Firms' Growing Tech Spending Reveal Higher Operational Costs, Future-Proof Investments

A significant acceleration in technology spending this quarter revealed that while firms are faced with a rise in operational costs, they are also strategically investing in technology to improve their practice.

But whether that will continue as firms get ready to plan their spending for next year is hard to tell, especially with a looming economic downturn. Still, experts argue that making strategic decisions now—such as deliberately investing in technology and revamping budgets to prioritize tech over potentially less needed resources such as offices—could help firms sustain a potential recession.

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