These are interesting times for CIOs and their IT departments. While budgets are forecasted to rise modestly, high interest rates, persistent inflation, and a volatile stock market create a challenging environment for IT leaders seeking to meet their technology goals in a cost-efficient way.
A CIO Magazine article covered the recently released Forrester 2025 Budget Planning Guide for Technology Executives, including reactions and insights from industry leaders. Here are just a few of the insights we've summarized and paraphrased that bear noting:
Where the bulk of budget dollars will be spent:
Other trends we found interesting:
Saving money is more important now than ever.
Optimizing efficiency and saving money is key in these times of economic uncertainty and change. Through our twenty-plus years working with IT managers, we've identified several areas where tightening up can make a huge impact.
The good news is that our team at TTI has your back when it comes to saving thousands to hundreds of thousands of dollars on your annual telecom spend. Between our WinBill® telecom expense management system and our team of veteran IT experts, we can help you optimize your billing efficiency and make sure you're not leaving money on the table. Give us a shout. We're here to help!