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IT Leaders Sticking with Top Spending Priorities Despite Pandemic
The COVID-19 pandemic and ensuing recession have affected IT budgets and forced IT organizations to scramble to deal with remote work and new business processes. Many new projects are being delayed. But despite the changes, IT leaders for the most part will only be tweaking their IT spending priorities around the edges. This Research Byte shows spending priorities by IT initiative, and explains why most of the top priorities will become even more important as we navigate through the coronavirus-triggered recession.
Journey to the Cloud—The Long and Winding Road
Would it surprise you to discover out that, for most companies, they’ve barely started the cloud transition? Modern-day SaaS providers as we know them today have been around since just before the turn of the century. Amazon Web Services and other public cloud services are at least a decade old. But according to the Computer Economics annual IT Spending and Staffing Benchmarks study for 2019/2020, the cloud transition still has a long way to go.
If IT Budgets Are Growing in 2019, Why Aren’t IT Headcounts?
IT operational budgets are growing for companies of all sizes in 2019, but that growth is not being mirrored in IT staffing levels, which are essentially flat at the median. According to Computer Economics, fewer than half (46%) of all companies are planning to increase IT head count. At the same time, the economy is strong and we do not see widespread layoffs of IT personnel on the horizon. This Research Byte explores the reason for this apparent contradiction.
Small Organizations Lead Broad Growth in IT Spending in 2019
This year, small companies in the U.S. and Canada are joining their larger brethren and increasing their IT operational budgets at a higher rate than at any time in the cloud era. Unlike last year, when small organizations mostly sat on the sidelines while midsize and large companies showed healthy operational budget growth, small companies in 2019 are leading the way with operational budget increases. For the most part, IT organizations continue on a path of steady but modest growth in operational budgets, while capital budgets and hiring are essentially flat.