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CIOs have bigger budgets in 2018 and here is what they are buying

CIOs have bigger budgets in 2018 and here is what they are buying

Last month, Tech Pro Research, surveyed tech workers about the IT budget for the 2018 fiscal or calendar year within their organization. Over half said that in terms of funding, their organization would dedicate more to IT.

However, another interesting trend emerged from this survey with regard to organizational IT spending. In this year’s survey, 48 percent of respondents said they felt executive management at their organization valued IT funding as much as other departmental budgets. Last year, 65 percent of respondents said the IT budget was given equal importance within their organization. The portion of respondents who felt that their organization values the IT budget less than other departmental budgets was up to 36 percent this year, from 21 percent in last year’s survey.

With recent attacks like WannaCry, Heartbleed and so on, there seems to be more attention given to the importance of cyber security in an organization.

This infographic below contains other results from the survey.

%

Cybersecurity

%

Software

%

Cloud services

%

Big data analytics

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