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CIOs get strategic as IT budgets stay flat

From InformationWeek

"IT budgets may look flat when you look at the average, but if you take a closer look at individual budgets, there's tremendous volatility and variation among companies. That volatility is coming amid a huge change in how IT organisations function within their enterprises – more often as strategic contributors to products and services, in addition to their traditional roles as providers of back-end services.

That's according to Andrew Horne, an IT practice leader at CEB Global, who discussed these and other findings from his firm's most recent IT Budget Survey in an interview with InformationWeek.

Just over half of organisations expect an increase in their IT budgets next year and 38% expect a decrease, the survey found. A quarter of those surveyed expect a greater than 10% change.

‘If you go back a few years, sometimes the overall budget would be up or down, but most companies were going in the same direction,’ Horne said. ‘Now the reason why the overall budget is flat is because half of the companies are spending more and half are spending less, and it is netting out. That suggests that each company is making funding decisions based on strategies and objectives, rather than following broader overall technology trends.’”

Read more at InformationWeek


NCC Weekly News Update 8 November 2016 

 

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