As 2017 IT budgets begin to take shape, companies are focusing on network and data security. They are eager to invest in technologies that can lower the risks of security breaches as cyber-attacks continue to escalate. Continuous improvement of internal business operations, coupled with technology optimization is another major priority. From a budgetary standpoint, this means investing in IT infrastructure and applications that will make day-to-day operations more efficient, and that will also produce IT infrastructures and technologies that will enable IT to perform well at least cost.
Although the majority of respondents to this survey report only a small increase in their 2017 budget, there is room to question whether IT budgets are really staying as flat as they seem to be. There is evidence that more technology spending is being pushed out to end user departments within companies.
A similar transformation is occurring in technology distribution within companies: it is moving out of IT’s data centers. This is occurring as more organizations are placing computing at the edges of the enterprise—in production and distribution centers, and in remote sales offices and retail centers. Business Insider estimates that enterprises or government organizations will have 5,635 IoT devices connected to an edge solution by 2020, compared with just under 1,000 at present. This is a major reason why network security is such a high priority, since security is more challenging to monitor and administer remotely.
Download this research report drawn from 233 survey respondents who represent a cross-section of industries, global regions, and company sizes that range from very small firms to very large enterprises. The report investigates the key drivers of IT budgetary decision making and funding in 2017, examining the projects and business initiatives that companies are most likely to plan, and how they anticipate funding these projects.