CIOs Plan to Invest Heavily in Business Apps

By Dennis McCafferty  |  Posted 11-14-2012

CIOs Plan to Invest Heavily in Business Apps

Business on Their Minds
41% of IT executives' budgets will be earmarked for enterprise application projects related to business operations and analysis.

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Big Spend
More than half of IT execs say that budgeting for business-related enterprise apps will be increased, and the average spending increase will be 52%.

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Where the Budget for Enterprise Apps Will Go
• Updating/maintaining existing apps: 40%
• Deploying new apps: 37%
• Modernizing old apps: 23%

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Belt Tightening
61% of IT execs say enterprise app initiatives are needed to reduce operating costs over the next 12 months.

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Other Top Demand Drivers
• Improve productivity: 58%
• Improve customer service: 56%
• Grow revenue: 54%

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Top Enterprise App Categories
• Business process management: 52%
• Business intelligence: 43%
• CRM: 41%

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Deadline Crunch
94% of IT execs find it challenging to deliver new enterprise app projects on time and on budget.

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Initial Challenge
48% of execs say the toughest stage of new enterprise app projects is the development phase.

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Trial and Error
38% say the most challenging stage is the testing phase.

CIOs Plan to Invest Heavily in Business Apps

CIOs Plan to Invest Heavily in Business Apps

Human Assets
55% of organizations will address app development challenges through their staffing recruitment efforts, and 46% will hire consultants.

CIOs Plan to Invest Heavily in Business Apps