CIOs Anticipate Bigger Budgets in 2015

 
 
By Dennis McCafferty  |  Posted 12-01-2014 Email
 
 
 
 
 
 
 
 
 
  • Previous
    Upward Trend
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    Upward Trend

    CIOs surveyed anticipate a 3.3% increase in budget spending for 2015, up from 3% growth this year.
  • Previous
    Static Situation
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    Static Situation

    CIOs project just .8% growth in IT staffing next year, down from 4.3% in 2014.
  • Previous
    Creative License
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    Creative License

    33% of 2014 IT budgets have been funding innovation and business opportunity initiatives, up from 31% last year.
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    Consumer-Focused
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    Consumer-Focused

    17% of the current year's IT budget is supporting end-customer experience efforts, up from 15% in 2013.
  • Previous
    Taking Charge, Part I
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    Taking Charge, Part I

    58% of CIOs now "own" non-IT activities (such as procurement), up from 44% in 2013.
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    Taking Charge, Part II
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    Taking Charge, Part II

    30% of CIOs now "own" business analytics, up from 15% last year.
  • Previous
    Cloud Forecast
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    Cloud Forecast

    91% said their organization is using some form of a cloud solution, and more than a third are allocating at least 6% of IT spending to the cloud.
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    Broad Impact
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    Broad Impact

    36% of CIOs said their organization is deploying end-to-end IT services.
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    Enterprisewide View
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    Enterprisewide View

    Finance departments are devoting 4.5% of their budgets to tech spending, while HR is setting aside 4.3% and marketing is allocating 4%.
 

CIOs are forecasting increased budget growth for next year, according to a recent survey report from CEB. A significant share of the spending is supporting innovation and business-benefiting programs, findings reveal. This speaks to the rising presence of CIOs in nontech-related activities, as they emerge as top strategic influencers. To support enterprisewide goals for 2015, IT departments will likely seek to further improve customer experiences, analytics and cloud services. "It's encouraging to see such a bright outlook for IT spending in 2015," says Andrew Horne, managing director at CEB. "Almost three-quarters of a company's priorities now depend on technology, whether that's launching a new product to the market or opening a new office. This means the IT team is working more closely than ever with the rest of the business." However, not all the news is encouraging, as tech staffing levels are expected to remain flat, according to the findings. CIOs representing an estimated 200 global organizations took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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