imageMorgan Stanley surveyed 150 CIOs from companies with annual revenue between $500 million and north of $20 billion. Morgan Stanley reports 4.6% IT spending growth in 2013 and expects 2014 spending increase of 4.5%.

The surveyed CIOs' "spending mindset" continues to shift toward growth investment and away from cost-cutting.

Cloud computing, ERP and business intelligence are the top three CIO priorities for 2014. Companies are moving more applications from on-premises servers to vendor data centers. They are also investing in ERP (enterprise resource planning) implementations, data warehouses, business intelligence tools and analytics wares.

Please find more information about this survey result in the ComputerWorld article.