IT Industry Forecast: What to Expect in 2015

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Budgets and Demand

While expectations for budget increases have dropped for 2015, IT leaders' confidence in their ability to meet business demands continues to rise.

  • Heading into 2015, 45 percent of IT leaders expect their budgets to increase. This represents a 17 percent decline from the 2014 forecast, when 62 percent expected budgets to increase. Meanwhile, the percentage of IT leaders that expect budgets to stay the same increased from 26 percent to 39 percent, a 13 percent gain.
  • Seventy-one percent of IT leaders report confidence in their ability to satisfy business demands in 2015, representing an increase from 66 percent and 54 percent in forecasts for 2014 and 2013, respectively.  

TEKsystems' Take: From 2014 to 2015, there has been a significant decline in the number of IT leaders who expect budget increases. The percentage of leaders who expect increases in 2015 returned to levels similar to the 2013 forecast (48 percent), signifying that 2014 was the year of budget gains while 2015 will be a year of optimism, though not at the previous year's level. Eighty-four percent expect budgets to increase or stay the same, despite the reduction in budget growth momentum. Meanwhile, seven out of 10 IT leaders express confidence in their ability to satisfy business demands, indicating that as long as budgets do not decline, the vast majority don't anticipate a negative effect on IT responsibilities.

Despite the ups and downs in recent years, 2015 is poised to be a year of relative calm in IT, according to research from TEKsystems. While budget expectations remain relatively flat, confidence levels among IT departments in their ability to fulfill business needs are increasing. Critical business objectives in the coming year will focus on improving existing apps and infrastructure, improving efficiency and retaining talented staff members. Additionally, given the pervasive nature of data breaches in 2014, security is the top area of concern for 2015.

"It's easy to jump to the conclusion that the reduction in expected budget increases signifies a need to cut back and eliminate important projects, but in reality, IT leaders are simply looking to be more realistic about what they can do with their resources and plan accordingly," said TEKsystems Research Manager Jason Hayman. "Rather than viewing the decrease in the rate of growth of spending as a reason to eliminate projects, IT leaders can instead use that information to implement sound talent management strategies in areas that are truly benefiting the business, and they can allocate resources to solidify those objectives."

 

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