If you want to quickly get a sense of a company’s priorities, all it takes is a look at the budget. And as CIOs reported in the recent CIO Tech Poll: IT Economic Outlook, the top two areas of next year’s budget growth are applications and mobile, a strong indicator that these two areas are becoming increasingly critical to competitive success. Additionally, these budget priorities underscore a larger shift in the core types of technology on which companies are focused.
“…IT executives surveyed are shifting budget allocation from technologies that are at the core of the business (e.g., infrastructure, network, storage, compute and ERP) to edge technologies such as mobile, CRM, mCommerce, cloud, social and marketing automation that enable a new generation of productivity, collaboration and accessibility,” writes Dan Muse for CIO.
Nearly half of the CIOs surveyed also expect their budgets to grow by about 5 percent, a result that CIO says is comparable to last year’s findings. One of the discoveries we found especially interesting is the difference in budgetary spending between enterprise companies and small businesses.
“Enterprise CIOs are more likely to devote a higher percentage of their budget to new or discretionary projects than their SMB counterparts (54 percent versus 43 percent),” Muse writes.
Given that enterprise budgets are typically much higher than those of small businesses (not to mention the fact that enterprise budgets usually include more room for experimentation), the stat isn’t necessarily surprising, but it does offer valuable insight into the sort of tech investment each type of company might make.
Research like the CIO Tech Poll is a great way to stay tapped into the CIO audience, a vital C-level segment that’s increasingly driving tech-related decisions, strategy and investment. The upcoming Gartner Symposium/ITxpo 2014 is another such opportunity to connect with CIOs and IT leaders, an ideal way to learn more about the challenges, trends and opportunities that are at the forefront of their business.
If you’ll be at the Symposium/ITxpo, feel free to swing by booth 24 and say hi! In the meantime, we’d love to hear your thoughts on the latest CIO Tech Poll. Do the findings about mobile and applications align with your budgetary priorities? Or are you looking to make a bigger investment in another technology segment?
Image: reynermedia via CC