Tech Budgets To Focus on Security and Cloud Computing This Year

IDG Enterprise’s Computerworld has highlighted the tech priorities for organizations in 2016 in its annual Forecast Survey.
According to the press release:

As technology continues to be a business differentiator and provide competitive advantage, tech budgets are increasing for almost half of organizations (46%). Tech leaders are focusing on business priorities that will help their organizations contain costs, optimize and automate business processes, and accelerate business processes and agility.
Spending Priorities: Security & Cloud
Two major themes within enterprise technology are the need for additional security and how cloud computing will continue to reshape enterprise IT. It is not surprising that in 2016 organizations will increase spending on security (50%), cloud computing (48%), business analytics (41%), mobile apps (36%), and virtualization (35%). As business-critical applications and infrastructure move to the cloud, on-premise software, data center modernization and modernizing/replacing legacy systems are receiving fewer dollars.
IT is moving beyond traditional core tech responsibilities as organizations look to drive digital business. Tech leaders shared that cloud computing, security, and legacy system updates/replacements rank as the single most important tech project they are working on in 2016. However, for tech leaders at enterprise organizations (1,000+ employees) the primary goals behind their most important projects have them stepping outside traditional IT with a focus on improving customer satisfaction and experience, generating new or increase existing revenue streams, and maintaining and improving service levels.

Click here to read the full press release.