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IT Budget Research: Where CXOs are placing their bets for 2017

Originally Published:
Sep 2016

For the calendar and fiscal year 2017, it looks like the majority of IT budgets are larger than last year. In an online survey conducted by Tech Pro Research in July, 61% of respondents said their company’s budget will increase. Most in that category said the increase would be small, between 1-10%, but that’s growth nonetheless.

Another important takeaway from this research is that, when creating their budget, companies are prioritizing the same issues as last year. Respondents said their top priorities are still improving efficiency and businesses processes, achieving network security, and increasing productivity through technology. Consequently, the top initiatives planned for the upcoming year are improving security, improving applications to better fit business processes, and improving the availability and performance of network infrastructure.

Other findings from this survey include the amount of tech spending that doesn’t come out of IT budgets, major IT challenges for the upcoming year, and how vendors can help companies with the budgetary process. To learn more, download the full report.

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