#3 Enterprises double down on IT
2015 Predictions Update
AcceleratingBiz Team, January 1, 2016

At the beginning of 2015, a large number of pundits forecasted that investments in enterprise IT would remain strong through the year, resulting in the #3 rank among our 2015 Predictions.

While IT continues to be critically important to improving organizations’ efficiency and productivity, the amount of money companies invested in IT in 2015 was relatively flat, largely due to the shift from capital spending on IT infrastructure to operational spending in the form of cloud-based applications. Gartner’s recent forecast of 2.5% annual growth in the enterprise IT sector for 2015 (in constant currency terms) reflects this shift, as areas like software as a service (SaaS) and cloud computing can be delivered at a lower cost per unit of value than traditional IT enterprise solutions.

AcceleratingBiz Question To what degree are you reducing spending on internal IT infrastructure in favor of third party, cloud-based applications?

Enterprise software spending is one of the few bright spots in Gartner’s IT forecast, projected to grow 7.5% in 2015 as organizations leverage IT for productivity gains and cost reduction. Funds that once went to building data centers can now be spread across multiple cloud services, reducing the need for significant traditional IT investments.

AcceleratingBiz Question Have you gained the benefits of integrating IT into all parts of your organization?

Security also remains a major focus area, causing some organizations to delay IT build-outs until their systems are adequately protected. According to a Bluebox Security survey, 80 percent of consumers surveyed would stop using an app if its security was compromised. This puts businesses in a precarious position, where one security flaw could mean the loss of a significant percentage of users.

AcceleratingBiz Question Are your IT systems adequately protected from cyber attacks? What are your contingency plans in the event of a data breach?

What are your thoughts?

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