IT Budgeting

Technology seems to occupy a bigger position in our lives and businesses with each passing year. Huge annual advancements in computers, phones, tablets, POS systems, cloud storage, data backup, software, and more create an ever-changing realm of IT possibilities. This can make it difficult to determine how to allocate your business’ technology funds. Many owners make the mistake of using the same IT budgeting model every year, without considering changing needs and technological advancements that could benefit the company. But deciding on a budget requires more than just entering numbers on a spreadsheet. Businesses are confused and uncertain as to what an appropriate IT budget is, and they don’t have a clear vision how these funds should be spent. Here we’ll help answer some common IT budgeting questions, examine industry benchmarks, and share insight into where businesses today are investing their IT budgets.
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