Budget planning can be a time-consuming task that often forces CIOs to take a long, hard look at their expenditures. But budgeting should also be viewed as a great opportunity to show top executives just how valuable IT can be to the company.
Gartner's latest forecast puts worldwide IT spending for 2019 at $3.85 trillion, up 2.8% from 2018. So what should CIOs do with the extra funds? We’ve pinpointed a number of areas to focus on, including:
Data Security and Protection
Moving Away From Capital Expenditures
Becoming a Profit Center
Allowing for Innovation
It’s no longer enough to simply base your IT budget on the previous year’s budget. IT is evolving, and your budgeting objectives should be too. Discover why the six areas above, and others, are critical to your IT department. Download our free CIO Budget Planning Cheat Sheet to learn more about effective budgeting with Frankie Majowich, Vice President of Technology.
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