IT departments are significantly underestimating the budgets allocated to technology in others parts of the organisation, as more business leaders bypass the CIO and IT staff to execute their own projects.
CIOs estimate that the IT spend from other business partners represents another 20% on top of the official IT budget. However, the real figure is closer to 40%, this exclusive research member-based advisory firm CEB reveals.
CEB surveyed 165 organisations representing more than £29 billion in IT spending.
This management summary gives an overview of the key findings
- IT budgets to rise by 3.1% in 2014, up from 1.8% in 2013
- Spending on making applications accessible from mobile devices has accelerated
- Investment in cloud computing is continuing to grow
- CIOs are being cautious about their capital investment plans, but are expected to step up spending during the year.
- Technology innovation is increasingly happening outside the IT department
- The IT headcount will remain constant, but roles will change
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