Do you evaluate your IT budget quarterly, annually or other?

Quarterly61%

Annually37%

Other (comment below)1%

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CEO at Inwedo - .NET & AI software development company. Board Member of the Polish Hemophilia Society. Engineer and a humanist who believes that technology can help change the world for the better. in Construction2 years ago

I'm a big fan of doing it once a month. I like to make decisions based on data and analysis. By looking at finances and budgets regularly, I gather essential data and make it easier to manage the organisation agilely.

Of course, this approach will only work for some types of organisations and depends on the organisation's size.

Additionally:

- More frequent reviews might be necessary if your industry/company is rapidly changing.
- Long-term, capital-heavy projects benefit from annual planning.
- Agile, tech-focused projects need more frequent revisions.

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The software costs too much30%

It takes too long to set things up and getting started39%

There is just not enough time to introduce anything at all21%

It is not clear that there are any benefits for us6%

There is not enough good technology1%

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Yes, AI tool cost was too high8%

Yes, talent costs were too high27%

Yes, costs for both AI tools and talent were too high25%

Not yet, but we may have to31%

No, our AI projects are within budget9%

N/A, we have no AI projects

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Do you evaluate your IT budget quarterly, annually or other? | Gartner Peer Community