1、M FoundationVideo|North AmericaAI Deployment,Supercycle Timing,Spending Outlook and More-Back Office Takeaways From 2Q25 CIO SurveyMorgan Stanley&Co.LLCChris QuinteroEquity Analyst Chris.Q +1 212 761-1686 Keith Weiss,CFAEquity Analyst Keith.W +1 212 761-4149 Against investor fears of deprioritizatio

2、n in a soft macro,ERP Applications continue to be a top priority for CIOs and have the 3rd highest net spend outlook for 2025.40%of CIOs now expect to upgrade their ERP system in the next 2 years.Finance&HR emerge as top areas for AI deployment.Related Research:US Tech:2Q25 CIO Survey Not Completely

3、 Unscathed(July 9,2025)Podcast:The Upload with Keith Weiss Finding the Pockets of Strength(July 11,2025)Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research.As a result,investors should be aware that the firm may have a conflict of interest that could affect

4、 the objectivity of Morgan Stanley Research.Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.For analyst certification and other important disclosures,refer to the Disclosure Section,located at the end of this report.July 18,2025 12:30 PM

5、GMTM Foundation2ExhibitsM FoundationMorgan Stanley Research32Q25 CIO Survey:Back Office Key TakeawaysChris Quintero+1 212 761-1686M Foundation4ERP Applications Remain a Top PrioritySource:AlphaWise,Morgan Stanley Research.N=100(US and EU data)0.0%2.0%4.0%6.0%8.0%10.0%12.0%14.0%16.0%18.0%Artificial I

6、ntelligence/Machine LearningCloud ComputingSecurity SoftwareDigital TransformationERP ApplicationsDW/BI/AnalyticsCRM ApplicationsNetworking EquipmentCompliance SoftwareFinancial Planning SoftwareCollaboration SoftwareDesktop VirtualizationDevOps SoftwareInfrastructure SoftwareData Center Build outSt