As global IT spending surpasses $5.74 trillion by the end of 2025, organizations must ensure their investments create maximum strategic value. A well-optimized IT budget typically accounts for about 4% of revenues, with a balance between capital expenditures (CapEx) for innovation and operational expenditures (OpEx) for maintenance.
Ideally, companies allocate 30-40% of their IT budget to drive innovation while maintaining the rest for operational stability. However, factors like IT intensity, organizational change, and competitive gaps can impact this balance.
To address these challenges, organizations need a comprehensive IT spending strategy that optimizes costs, aligns expenditures with business objectives, and leverages scalable technologies to enhance operational efficiency.
CEOs and CFOs must proactively adopt data-driven IT financial governance to ensure that every dollar spent on technology delivers maximum business impact.
In this white paper, you’ll discover:
- Market Overview: What’s Currently Happening in IT Spending?
- Key Challenges in IT Spending for CEOs and CFOs
- Optimized IT Cost Strategy: Overcoming Key Challenges
- Methodology for Developing an Optimized IT Cost Strategy
- Framework for Evaluating and Prioritizing IT Investments
About the Author
Stephen Currie is the Vice President of Support Operations and COE at Synoptek. Over the course of his 26 years professional career, he has held various roles in the technology space and has extensive experience in Cloud Hosting, Networking, Security, Application Management, Workforce Productivity, Global Operations, and IT Service Management.
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