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More IT investment spending for 2014

IT executives have increased their technology investment expectations for 2014. IT staffing and service firm TEKsystems’ annual survey shows this trend on several levels, compared to their 2013 forecast results:

  • Sixty-two percent of the 900 managers and executives surveyed expect their budgets to rise for 2014, up from 49% a year ago. Only 12% of those surveyed expect their budgets to decline for next year.
  • Consultant and application project services, at 49% and 47% respectively, are the most likely to see a budget increase.
  • Approximately half the respondents expect increases in headcount, at 47% for permanent positions and 46% for temporary, and programmers and developers, architects, and software engineers are the hardest positions to fill.
  • Implementing new applications and infrastructure and improving business processes are the top-ranked business objectives, while improving on the existing and simply delivering on operations are tied for third.
  • Business intelligence/big data is projected to have the biggest impact on the organization, as in 2013, but security and mobile have risen to second and third for2014, passing cloud now in the fourth position.
  • Salary increases are projected by 81% from respondents, up from 55% for 2013, with social media experts, at 50% of the organizations, the least likely to see a bump in salary.

Is it any wonder that these IT leaders are more confident than a year ago, at 66% to 54%, in their ability to meet business demands? Cloud, mobile and technologies have become mainstream, and enterprises have dug in on a competition for advantage over each other by the choices and execution in their implementations.