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Companies are projected to invest more in technology across both IT and lines of business during the 2019 budgeting season. With that being the case, it's key for CIOs to get a seat at the table and lead budget planning with digital transformation projects in mind, to deliver the most value to the business and remain competitive, analysts say.

Enterprise software maker Software AG expects internet of things (IoT) and digital transformation of businesses to significantly boost its growth, including in India, said Sanjay Brahmawar, the German company’s newly appointed global chief executive.