Why IT Budgets Are Under a Microscope
As organizations begin to incorporate a growing array of digital technologies into the enterprise, while squeezing out maximum performance on legacy systems and applications, IT budgets are under the microscope. As a result, business and IT leaders are looking to put money to work in smarter and more effective ways. "2016 IT Budget Benchmark," a recently released report from best practice and technology insight firm CEB, offers insights into how companies are approaching IT budgets, including key areas such as operational expense (OPEX), capital expense (CAPEX) and full-time equivalent employees (FTEs). A few things stand out from the survey of 147 organizations across the Americas, EMEA and Asia-Pacific: Companies are struggling to increase budgets, OPEX spending is on the rise, and organizations are looking for more flexible approaches to IT spending, including a growing use of various cloud solutions, including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS). Here are key highlights about IT spending this year.