Digital transformation, security and cloud drive enterprise IT spending

Enterprise IT spending is continuing to increase, with 64 percent of respondents to a new study expecting to increase IT budgets in the next 12 months. This is up from 49 percent in January of 2021, though down from 71 percent before sanctions against Russia began in February. The latest Flexera 2022 Tech Spend Pulse report -- based on a survey of 501 IT executives working in large enterprises with 2,000 or more employees, headquartered in North America and Europe -- shows organizations with 2,001 to 5,000 employees spend 10 percent of revenue on IT. For the largest companies (more… [Continue Reading]