2014 was a monumental year for IT spending. According to the Society for Information Management’s IT Trends Study, which has been surveying CIOs and other IT leaders going back decades, 2014 was the year that companies, on average, dedicated above 5 percent of their annual revenue toward their IT budget — 5.15 percent to be exact. And the trend continued, with that number jumping up to 5.3 percent in 2015.
But why the increase? Has IT seen some sort of fundamental shift in how it’s regarded within the corporate structure? To answer this, we must drill down deeper into the study and examine which divisions within IT are seeing the largest influx of funding.
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