CIO's 2024 Agenda for SAP and Cloud Strategies

This benchmark report outlines the strategic priorities for Chief Information Officers (CIOs) regarding SAP and cloud technologies for the year 2024. It details findings from a survey conducted by SAPinsider, which included responses from 124 executives across various industries. The report highlights that a significant majority, 74%, of organizations plan to maintain or increase their SAP-related budgets compared to 2023. The top priority identified by 67% of respondents is increasing process efficiency and visibility, followed closely by lowering IT and operational costs at 56%. The report also notes a growing emphasis on data management and integration, as organizations aim to streamline their operations and enhance their data governance strategies. Furthermore, the report discusses trends such as the continued investment in SAP S/4HANA, with over half of the respondents indicating it as a key strategic investment. The findings suggest that organizations are adapting to a rapidly changing technological landscape while preparing for the impending transition to SAP S/4HANA by 2027.