Transcription of January 2020 CIO Insider - Deloitte
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January 2020 CIO Insider - Deloitte
January 2020 CIO InsiderReinventing tech finance: The evolution from IT budgets to technology investmentsBy: Khalid KarkTECHNOLOGY PLAYS A central role in helping companies develop and capitalize on new business models. As the role of technology shifts, budgets and the investment process are subject to increased scrutinization and are ripe for CIO Insider uncovers trends in technology budgets and examines the spending habits of companies that are more advanced than their peers. It also explores the impact of IT operating model changes on technology funding and makes recommendations for rethinking the traditional technology budgeting process. 2 Evolution of technology spending Reflecting the importance of technology and its role in value creation, the majority of companies have consistently experienced budget increases over the last four years, according to participants in Deloitte s ongoing series of global CIO surveys (figure 1).
subject to increased scrutinization—and are ripe ... Most CIOs report technology budget increases H has yur I udget hanged sine the last financial year? Inreased Sae as last year ereased 53 21 2 2015 5 21 23 2017 55 25 20 2018 Reinventing tech nance. 3 As technology and business strategies merge, IT’s ...
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