Trends Slideshow: IT Budgets Rising in Midsize Companies

By Jeff Goldman  |  Posted 01-25-2011

Budget Increases

53 percent of respondents expect their IT budget to increase over the next 12 to 18 months; 31 say their budget is unchanged and 16 percent say their budget is decreasing or are unsure.

Budget Increases

Top 3 Business Priorities(percent respondents)

Cost reduction/improved efficiencies (76 percent)Improved customer service (73 percent)Increased employee productivity (70 percent)

Top 3 Business Priorities(percent respondents)

Top 3 IT Priorities(percent respondents)

Security (63 percent)Customer relationship management (62 percent)Analytics/information management (59 percent)

Top 3 IT Priorities(percent respondents)

Infrastructure Upgrades

More than 75 percent of respondents plan upgrades to their core IT infrastructure, with the aim of improving performance, security and reliability.

Infrastructure Upgrades

Benefits from Cloud Computing

The top expected benefits from cloud computing include cost reduction, better manageability of IT, improved redundancy and availability.

Benefits from Cloud Computing

Benefits from Analytics

The top expected benefits from analytics solutions include improved customer insight, increased efficiency and better decision making.

Benefits from Analytics

Barriers to IT Adoption(percent respondents)

Cost (58 percent)Difficulty in acquiring and implementing solutions (44 percent)Lack of IT skills and resources (39 percent)

Barriers to IT Adoption(percent respondents)

Strategic Mindset

The majority (79 percent) of respondents characterize their strategic mindset as being focused on customers, growth and innovation. In 2009, the majority (53 percent) were focused on efficiency and cost control.

Strategic Mindset