What is the percentage of your technology budget compared to annual revenue?
Less than 1%7%
1 - 3%49%
3 - 5%24%
5 - 7%8%
More than 7%12%
213 PARTICIPANTS
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Cost structure26%
Lack of in-house skills to migrate / deploy / manage workloads on cloud51%
Security / governance compliance concerns18%
Lack of performance or features that you have on-prem but not the cloud4%
771 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.CIO in Education, 1,001 - 5,000 employees
We've basically had to absorb the cost and figure out how to defer other less important initiatives.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 more<6 months8%
6-12 months55%
12-18 months24%
18-24 months6%
>24 months5%
697 PARTICIPANTS
A more realistic spend on all technology for a mid-size or larger software company is between 16 & 25%, depending on whether people are part of the COGS number. It should never be below 3% for pure IT or you're likely doing it wrong. IMO.