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Standard-setting groups invest more in information technology

Technology will always play a meaningful role in an association’s sustainability and growth, but which groups have committed more funds to the area? Median information technology (infotech) spending among associations and standard-setting organizations has steadily increased from 2019 through 2023, with differences across organization types.In 2019, the median infotech spend for standard-setting associations was $366,831, significantly higher than professional societies at $219,039 and trade associations at $138,776. During the following year — in the midst of the pandemic — overall spending dipped slightly, but by 2021 infotech investment levels had rebounded.The most recent data from 2023… Read More