While spending by IT groups hasn’t fully recovered yet, the economic recovery seems to be hitting technology groups, and a majority are reporting boosted budgets for 2012.
A new report from the folks at TechRepublic and ZDNet shows that the priorities of IT groups include more than just hanging on and containing costs. There’s a definite aura of optimism among IT pros, who plan to spend on using technology to improve business, as opposed to keeping the organization alive.
Check out these highlights:
- More than twice as many organizations report increased IT budgets in 2011 as report budget decreases.
- 38.7% of organizations say their IT budgets have increased. Compare that to just 16.7% reporting lower budgets. 44.6% say their budgets year- on-year were flat.
- Over 20% of organizations report budget increases of more than 10%.
- The top three IT priorities are improving business process and efficiency (a “top priority” or “major priority” for 69.1% of businesses), aligning IT priorities with business growth (61.1%) and increasing overall productivity with new technologies (59.5%).
- The larger the business, the more focused they are on lowering IT infrastructure costs. 66.2% of the largest businesses (>500 staff) are lowering IT infrastructure costs, but this proportion declines for smaller companies until it represents only 44.4% of the smallest businesses (1-49 staff), and
- Government organizations are far more intent on cutting overall IT costs (70%) than others.
FinanceTechNews.com delivers the latest Finance news once a week to the inboxes of over 150,000 Finance professionals.