How much of your organizations budget goes towards new technology?
<1-2%30%
3-5%45%
>5%23%
1088 PARTICIPANTS
CTO(CTO) in Healthcare and Biotech, 2 - 10 employees
The sector and size matters but usually about 4%.CEO / President, Self-employed
The first thing to keep in mind is that the budget can vary widely and should not be encapsulated into a standard unless thorough analysis has been completed. The number will vary widely by industry and age of the company and financial strength among other factors. Above 5% is what I generally see with successful growing firms.
If I am working to turn around a small firm and we find the tech they use is poorly suited, they are going to be investing in tech more aggressively than a similar firm in the same industry and same age...
CIO - Group IT Manager in Retail, 51 - 200 employees
the budget usually varies depends on many elements especially the group growth and economy Director in Manufacturing, 1,001 - 5,000 employees
What do you consider “new”. If new is something you’ve never done/used before it could be below 1%We have been migrating to the cloud for years so I don’t consider that “new”
CFO in Finance (non-banking), 11 - 50 employees
There's definitely some nuance here since a technology can be new to your firm but a very legacy technology. Alternatively, something could be legacy at your firm but a new tool built in the past few years. Either way, interesting to see the 3-5% lead.Content you might like
Yes30%
No, but we should49%
No, we don't need it18%
Not sure4%
142 PARTICIPANTS
CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.Director of IT in Healthcare and Biotech, 501 - 1,000 employees
Overall fit of the provider's services is key in any recommendation when selecting one of the big 3 clouds for any organization. Multi-cloud is significantly more difficult than most companies realize, and selecting a ...read moreLess than 1%9%
1 - 3%49%
3 - 5%24%
5 - 7%7%
More than 7%11%
228 PARTICIPANTS