Saturday, 11 August 2012

What determines IT spending Priorities?


What determines IT spending Priorities?
Just as difficult to read on the ground as at an altitude of 10363m, This article proved I have very little upstanding of economics, but what  did get out of it in my mind proved logical and nothing to ground breaking,
The article breaks down a survey of 1495 business leaders on where they are looking to spend their IT dollars on the different functions of their business.
Not surprisingly for me most businesses expected administration (people) to be the biggest IT expense. The article broke down the data more with small business more like to rank security as a low expense and big business a high, as small business think they are not susceptible to hacking and would prefer to spend on R&D.
One trend I found interesting was that in general business small and large were not prioritizing spending in general on security, because of the poor economic climate at the time of writing, I assume to save money and run bearing the risk. I look at this two ways take the risk and come out on top maybe or continue with high security and protect what is of value to your business until the tough times are over but I guess it depends on business type which path you would take.
In conclusion a tricky read with what I think was not really astounding info, you could work out where spending might be by looking at the business and think logically. This may be the IT department brain in me think not the management brain though.

 Just over Australia now, 7 hours to go, Who’s doing the R&D for Singapore air in flight entertainment?  the plane on this map is far from scale, business opportunity or a business spending elsewhere in tough economic times.

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