There are various reports stating that IT budgets are trending up. What IT budget trend are you seeing in your organization over the last 3 years?
IT budget growing47%
IT budget flat43%
IT budget shrinking7%
I don’t know3%
223 PARTICIPANTS
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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.Budget will increase compared to 202250%
Budget will be the same as 202247%
Budget will decrease compared to 20223%
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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 moreTime savings for our internal IT team24%
Cost savings (i.e. subscription model)41%
Access to innovative technologies18%
Peace of mind5%
"Always-on" monitoring for risks9%
Other (I'll explain below)2%
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VP of Global IT and Cybersecurity in Manufacturing, 501 - 1,000 employees
Have clear business requirements up front, make sure the proposal includes items such as scope, timeline, cost, resources.
Our budget typically has a 3% to as much as 6% annual reduction target
The budget only goes up after an acquisition. And then reductions continue
If we sell a business the reductions match the sale
A young growing business likely gets budget increases even in a recession as long as their business is growing