The 2017 Intelligent Technology Index surveyed IT leaders on how they’re allocating spend in order to accommodate advancing cloud and security needs. As shown in Figure 2, they reported needing to increase budgets for security by 56% and the cloud by 43% in order to support future objectives. These numbers may differ from your own predictions — you might need to invest more in marketing and sales as well, but you will probably still see a need to increase IT budgets for cloud and security solutions.
Don’t invest for the sake of investing
As we continue to look at areas in which growing businesses should improve for growth, it’s apparent that those that don’t invest in infrastructure optimization will be left in the dust. The urgency to continuously improve digital platforms such as mobility and the IoT is clear, but that doesn’t mean you should throw money at the latest developments simply because they are new.
According to The Conversation, “technology investment can’t generate any advantage unless there is an overall business strategy in place that integrates technology across the business in the delivery of value to customers.” The method in which you choose to divide your IT budget determines the success of your year.
Investing smarter means running an assessment to see which existing IT assets are providing value to your organization, and covering maintenance and updates on those — while retiring the rest. It also means exploring new areas that arise due to changing consumer demands, expectations and resources — and researching to find the right fit for your specific needs.
Keep it simple.
Smart technology solutions increase efficiency, enhance user experiences and improve productivity in the modern workplace. More importantly, the right technology helps businesses in almost every industry deliver faster, high-quality performance that leads to a greater bottom-line.
Not sure how to get started? Searching for the right products and solutions shouldn’t be hard — a simple, more intuitive IT procurement process will save you time and stress. Take a look around Insight’s e-commerce site to see if it’s a good fit for you.