How IT Will Spend Its Budget in 2018

By Dennis McCafferty
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    How IT Will Spend Its Budget in 2018

    How IT Will Spend Its Budget in 2018

    With most IT budgets expected to increase in 2018, technology organizations are looking to augment their investments in hardware, software, clouds and services.

Considerably more IT professionals expect their technology budget to increase, rather than decrease, next year, according to a recent survey from Spiceworks. The resulting "2018 State of IT" report indicates that IT staffing also should grow during that time period. With the additional funding, tech departments will seek to augment their investments in hardware, software, hosted and cloud-based services, and managed services. As for "the next big thing" areas of focus, a notable number of survey respondents indicated that their company is also investing in the internet of things (IoT), virtual reality (VR) and artificial intelligence (AI). "Many businesses are feeling optimistic about the current state of the economy, and, as a result, we can expect them to spend a bit more freely when it comes to their IT purchases in 2018," said Peter Tsai, senior technology analyst at Spiceworks. "Not only are budgets expected to increase across hardware, software and services, [but] companies have indicated they're also more willing to invest in emerging tech like IoT, AI and VR. And with IT staffing levels on the rise, some organizations will be better equipped to evaluate promising tech and plan for the future." More than 1,000 IT professionals from North America and Europe took part in the research.

This article was originally published on 2017-10-23
Dennis McCafferty is a freelance writer for Baseline Magazine.
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