Good news for IT departments on a tight budget (and really, which aren’t?). Gartner analysts say IT spending won’t grow as much as expected this year.
It’s become almost cliché to say at this point, but IT’s role in the company is undergoing a serious shift – and maybe not for the better.
IT’s long had a reputation as being a cost-center. The argument goes that the entire IT department is a drain on resources that could be better utilized making the company money. Of course, this isn’t accurate – but setting the record straight won’t be easy.
Nearly a fifth of corporate IT budgets is going to security. And many IT decision-makers are expecting to spend even more in coming years. But according to a recent survey, they still don’t feel that’s enough to protect them from attacks.
Here’s some good news for IT managers trying to get new projects approved by the CFO: A study has found that IT investments can significantly boost a company’s profits. However, that’s only the case for some kinds of IT spending.
IT departments are currently facing the huge challenge of dealing with quickly increasing amounts of data while budgets remain flat. That’s especially causing problems when it comes to managing backups and preparing for disaster recovery.
Tech spending is up. Here’s what your company’s competitors are buying for their IT departments now.
As companies continue to deal with budget issues and other problems, what are IT managers most concerned about?
Finally, some good news: It appears most IT departments will soon get the funding they need for long-awaited upgrades and new projects.
According to Gartner, IT spending worldwide is expected to be $3.6 trillion in 2011, a 5.1% increase from the $3.4 trillion spent in 2010.