Enterprise tech projects increasingly funded by business, not IT

According to a new IDC survey of 1,200 line of business executives, 61% of enterprise technology projects are now funded by the business rather than the IT department, and IT spending driven by the functional business areas will continue to outpace IT spending by the IT organization in the future.

“Technology has long been central to improving business processes, enabling greater speed, efficiency, and reliability,” said Whalen. “As businesses embrace the 3rd Platform, built on cloud services, big data analytics, mobile computing, and social networking technologies, they are taking the critical first steps toward business process transformation and, in some cases, business model transformation. With such high stakes, the business is increasingly taking a front seat in technology initiatives.”

SOURCE: net-security.org