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In 2022, employers continued their hunt for IT talent in the residual tidepools of a waning pandemic. Strapped with a survivalist’s hodgepodge mix of technologies and slap-hazard networks, companies needed more IT hands on deck to mop up tech redundancies and security hazards, and to restore the order needed to prosper in the ‘new normal’ aftermath. As a result, IT professionals saw a rise in job openings, salaries, and bonuses. Over 75% of respondents of the 2023 US Network Computing Salary Report saw their salaries rise—by an average of 4%.
However, rising economic headwinds are putting a strain on IT investment. “Outside AI, IT job security has been reduced, and there is some anecdotal evidence that salaries are impacted,” said Ravi Jain, Chair, Association for Computing Machinery’s US Technology Policy Committee, Working Group on Generative AI. “This is partly due to the macro issues affecting the industry resulting in uncertainty and reduced investment. These issues include inflation, rising interest rates, the banking crisis, supply chain issues, and the war in Ukraine.”
Against this backdrop, where will IT wages and advancement opportunities go from here?
The 2023 US Network Computing Salary Report takes a deep dive into data on:
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To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
