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Introduction

IT budgets are increasing for 2018. However, businesses have increased spending amidst lingering concerns and challenges; in fact, security and privacy issues remain some of the most commonly reported IT trends within the enterprise.

Highlights

  • IT budgets have increased noticeably for 2018, but require a clearly articulated IT strategy in order for successful implementation.
  • The need to manage security, identity, and privacy will drive IT spend over the next year and beyond.
  • Security and privacy concerns currently prove to be a barrier to IoT deployment, despite a burgeoning market for IoT security and privacy products.

Features and Benefits

  • Analyzes the change, and general increase, in IT budget allocations from 2016-17 to 2017-18.
  • Assesses the potential drivers of increased IT budget allocation for 2017-18.
  • Identifies ways that the enterprise can cohesively plan out IT strategy in advance of IT purchases in order to maximize success and ROI of implementations.
  • Evaluates the leading IT trends within enterprise organizations that will be most likely to drive IT spend over the coming year.
  • Examines the role of security, identity, and privacy initiatives in enterprise IT budget allocation.

Key questions answered

  • What are the possible drivers behind the noticeable growth in IT budgets for the 2017-18 year?
  • With increased budget available, how does the enterprise best avoid implementing new solutions that are siloed or nonintegrated into existing architecture?
  • How will the need to manage security, identity, and privacy drive IT spending over the coming year?
  • How are security and privacy concerns acting as a barrier to enterprise IoT deployment?
  • What sort of planning and process-building needs to take place to ensure that newly purchased IT solutions integrate into existing information management architecture?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises
  • Recommendations for vendors

For privacy and security spend to yield benefits, the enterprise will need to have a strategy in place

  • IT budgets have increased noticeably, but require a clearly articulated IT strategy
  • Managing security, identity, and privacy will drive spend
  • Security and privacy concerns prove to be a barrier to IoT

Ovum's ICT Enterprise Insights Program

  • IT and communications insight by line of business

Appendix

  • Methodology
  • Author

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