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Jun 2016 - Industry Development and Models - Doc # US41308216

Service Innovation: The Growing Line-of-Business Influence in IT Funding

Authors: Suya Xiong, Eileen Smith

Abstract

This IDC study provides a data-driven overview of the current spending trends of line-of-business technology professionals. This study is aimed to help business and IT decision makers better understand the scope and direction of corporate technology spending over the next five years. It is also intended to assist CIOs and IT executive to develop a comprehensive understanding of line-of-business budgets and to help them become a valuable partner to the business functions.

This study focuses on three IT Executive Program practice areas: services transformation, enterprise IT transformation, and IT strategy and governance.

"The link between technology and business results has never been greater. In the next three years, we will see more technology funding from line-of-business functions," says Suya Xiong, senior research analyst with IDC's IT Executive Program. "IT organizations need to work closely with the business to identify where technology can provide the business with a competitive advantage."

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