target audience: TECH BUYER Publication date: Aug 2019 - Document type: IDC Perspective - Doc Document number: # US45443819
The Increasing Business-Funded Technology Spending
This IDC Perspective provides a data-driven overview of the current spending trends of line-of-business technology professionals. This document 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 executives to develop a comprehensive understanding of line-of-business budgets and help them become a valuable partner to the business functions.
"In the next three years, we will continue to see more technology funding from line-of-business functions," says Suya Xiong, research manager, IDC's IT Executive Program. "CIOs and IT leaders must take steps to better collaborate and align budgets and resources with their LOB peers for maximum impact."