A majority of enterprise technology projects (61 percent) 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, according to a new survey by IDC.

Among the key drivers of this trend are the growing adoption of cloud-based services and big data/analytics, according to IDC, which surveyed 1,200 line of business executives in September 2013.

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