CIO in Healthcare and Biotech, 5,001 - 10,000 employees
I would say about 3 to 5%.Director in Manufacturing, 1,001 - 5,000 employees
Our target was always under 2% of revenue and in some areas under 1%For total IT it was 1.8% of revenue in a normal year.
It’s highly dependent on the type of business and it’s maturity
Director in Manufacturing, 1,001 - 5,000 employees
This is highly dependent on the type of business. When I worked for a $1 billion sized engineering firm our IT budget was 3% of revenues. Our employee base had a very high percentage of engineers and PhD chemists doing research. Once we were purchased by a much larger $40billion dollar company our target was 2%, then 1.8%, then ... you know how it goes, to 1%. However averaged across the company that wasn't that bad because a large percentage of the 130k employees were factory workers who didn't have assigned PC's. I think around 60k at most had PC's. If we were a small manufacturing company, that didn't do a lot of new engineering 1% of revenues would be very very generous. If it was a brand new company, innovating a lot, with a high percentage of high cost talent and engineering staff, then 5% or higher might be very reasonable, or even low if you were a software company.CIO in Manufacturing, 1,001 - 5,000 employees
It depends on how tech mature the industry is ,from what I have seen it’s rarely above 5% and should not be below 2% , this provides a balance between strategic investments, operational needs and innovation.CEO in Services (non-Government), Self-employed
Varies by industry, company size, country, and strategic outcomes to be delivered. In large mfg enterprise leveraging on technology for competitive advantage it was 6% during periods of growth (planned M&A) but 3.5% thereafter.Content you might like
Yes55%
Not always, but when possible41%
No2%
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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.Less than 1%9%
1 - 3%48%
3 - 5%24%
5 - 7%7%
More than 7%12%
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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