New Delhi, July 15 -- Only 12% of Indian enterprises have a fully consolidated, enterprise-wide view of their IT spending, even as investments in artificial intelligence (AI), cloud computing and cybersecurity continue to grow, according to a new report released by Cognizant in collaboration with Dun & Bradstreet.

The report, Smarter IT Spend: From Cost Control to Cost Intelligence, surveyed 105 senior business and technology leaders across sectors including banking, manufacturing, healthcare and Global Capability Centres (GCCs). It highlights a growing disconnect between rising technology investments and organizations' ability to track and govern those investments effectively.

According to the study, 80% of organizations are increasing...