The 2016 CIO Tech Poll: Economic Outlook study was conducted to gauge how current economic conditions are effecting IT spending plans among IT leaders.
Key findings include:
- IT investments are leveling off as more heads of IT are keeping their budgets the same than are increasing them in the next 12 months.
- Newsworthy security breaches are increasing tech investment plans as heads of IT are increasing dedicated budgets for security solutions/risk analysis and increasing plans to hire staff with specific security skillsets.
- Balancing the security tech investment increases, unstable foreign economic conditions are causing somewhat of an investment slowdown.
- Heads of IT are still primarily responsible for the ROI of tech implementations. However, if they do share responsibilities with other department heads, they are most likely to be shared with the CFO.
- The majority of IT organizations are now “bi-modal” with more budget over the next year being allocated to the mode that focuses on agility and exploration, rather than stability and maintenance.
- A prevalent use of open source technology is leading to a cost savings which can then be reinvested into hiring new IT talent.
For more information on this study, view the excerpt below. To request a meeting with an IDG Enterprise sales executive to walk through the full study, please complete the form below.