Digitalization in the workplace has the power to increase operational efficiencies and reduce costs. The shifts around AI, Cloud, Mobility, IoT, 5G, Big Data, and Analytics promise a transformation in the way we all do business — they also require a business’ technology infrastructure to be constantly evolving. How do you keep up? Staffing an in-house IT team to manage the growth can be a costly and disruptive challenge, so we see two paths companies are taking to meet the demands and capture the promise of the digital age: staff augmentation or outsourcing.
Technology budgets are expected to grow this year across industries and business sizes. We wrote more about that in a previous blog. In this post, we look at what business tech trends are expected to emerge, which stems, at least in part, from how companies are planning to spend their reported budgets.
Businesses of all sizes are dedicating a large percentage of their IT budget to upgrading their outdated IT infrastructure. Beyond upgrading, the rising tech trends differ between industries and even between small and large companies.
We may not be finance experts, but we do know that IT expenses should be worked into your annual budget. A recent survey, The 2019 State of IT report, was conducted in July 2018 and consists of data collected from 780 business technology buyers from organizations across North America and Europe. The survey details how different sized businesses will be spending their tech budgets this year.
The trends reported for 2019 should be encouraging to everyone as they reflect business growth. Below are key trends businesses are reporting regarding their IT budgets. We are excited to see how the IT industry grows in leaps and bounds this year and beyond.