Trendsetter Barometer: Private companies rebuild IT budgets to drive growth and efficiencies

Coming out of one of the worst recessions on record, many private US businesses are planning to increase their information technology spend to catch up on deferred IT investment, improve internal operations, and seize new growth opportunities. The biggest impact is expected to come from investment in technologies that enable companies to do more with less, particularly new digital technologies driving business analytics, enterprise mobility, cloud computing, and social media.

Survey highlights

  • Nearly half of private companies identify a critical need for IT upgrades and improvement.
  • IT expansion is faster and more innovation-focused among international companies.
  • Despite their concern about IT security, most private companies are not integrating cyber risk considerations with their IT investment in risk management.
  • The largest IT-investment impact is expected from technologies that allow smaller companies to close the gap between themselves and larger competitors.
  • Private companies’ resource constraints and rigid legacy systems may limit the positive impact from their IT investment.