Third-Quarter IT Reality Check – Budgets, Hiring, Trends

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
Next Third-Quarter IT Reality Check – Budgets, Hiring, Trends-4 Next

IT Trends

Security and mobility rank as the most consistently impactful IT trends.

  • Throughout the first half of 2014, business intelligence (BI) / Big Data, security, mobility and cloud computing ranked in the top five initiatives having the largest impact on organizations. In reality, mobility — originally forecast to be the No. 3 most impactful initiative — has been named the No. 1 impact area for three straight quarters. Security — originally forecast to be the No. 2 most impactful initiative — has indeed been named the No. 2 most impactful area for all three quarters. Cloud computing has ranked either No. 3 or No. 4, while BI / Big Data has seen the most fluctuation — originally forecast to be No. 1, this impact area has consistently been named No. 3 or No. 4.
  • Since the beginning of 2014, VoIP/unified communications (UC), open source and gamification have ranked as the least impactful initiatives. VoIP/UC has ranked No. 8 or No. 9, open source has ranked No. 10 or No. 11 and gamification has ranked last at No. 12.
  • In terms of volatility, the initiatives that fluctuated the most in terms of impact were social networking (ranking between No. 5 and No. 10), bring your own device (BYOD)/consumerization of IT, which consistently moved up throughout the year (ranking between No. 5 and No. 10), and data center consolidation, which dipped lower throughout the year (ranking between No. 6 and No. 11).

Recently, TEKsystems, a leading provider of IT staffing solutions, released results from its quarterly "IT Realty Check," which compares current market conditions with the state of spending, skills needed and the impact areas originally reported in the company's "Annual IT Forecast" released in November 2013.

More than 62 percent of respondents in the 2014 forecast expected to see budget increases this year. In fact, only about 46 percent actually realized these increases, and 15 percent saw declines – three percent higher than expected. Additionally, IT leaders' confidence in their departments' ability to meet business demands has declined.  

Regarding employment, IT managers continue to have difficulty hiring qualified architects and developers, as well as project managers. And even though budgets have not increased as much as expected, IT hiring has continued on an upward swing, with managers expecting this trend to continue.

"The latest data shows some inconsistencies in what IT leaders are experiencing. They seem to have accepted that they will not see the budget increases they expected, and now as the year comes closer to an end, they are losing confidence in their ability to satisfy business demands," said TEKsystems Research Manager Jason Hayman. "On the bright side, IT leaders have a good grasp on the IT trends that most impact their organizations and they anticipate an increase in hiring. The third quarter closed with an uptick in hiring for both full-time and temporary workers, indicating firms are likely staffing up to make a last push at fulfilling important business initiatives."


Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

More Slideshows

gig economy How the Gig Economy Is Changing the Tech Industry

The gig economy is clearly disrupting the tech industry, both in positive and negative ways. ...  More >>

Fake news How Can We Fix the Fake News Problem?

Is fake news a security issue? Some say yes, as it can be used as a social engineering tool to spread disinformation and conceivably to get unsuspecting users to click on malicious links. ...  More >>

IT security skills 7 Top Skills for Security Pros

Executives at several top tech firms outline the skills they need now and in the near future, including IaaS and IoT security expertise. Other skills listed may surprise you. ...  More >>

Subscribe Daily Edge Newsletters

Sign up now and get the best business technology insights direct to your inbox.