Where Are CXOs Placing Their Bets For 2017?

CXOs: According to a recent online poll conducted by Tech Pro Research, improving security and increasing the availability and performance of network infrastructure are among the top budgeting priorities for IT leaders in the next year. More information about budgets for fiscal and calendar years 2017 is in the infographic below:

For the calendar and fiscal year 2017, it looks like the majority of IT budgets are larger than last year. In an online survey conducted by Tech Pro Research in July, 61% of respondents said their company’s budget would increase.

Most in that category said the increase would be small, between 1 and 10%, but that’s growth nonetheless.

Another important takeaway from this research is that, when creating their budget, companies are prioritizing the same issues as last year. Respondents said their top priorities are still improving efficiency and business processes, achieving network security, and increasing productivity through technology.

Consequently, the top initiatives planned for the upcoming year are improving security, improving applications to better fit business processes, and improving the availability and performance of network infrastructure.

Other findings from this survey include the amount of tech spending that doesn’t come out of IT budgets, major IT challenges for the upcoming year, and how vendors can help companies with the budgetary process. To learn more, download the full report.

Source: ZDNet