As the summer officially comes to an end and September starts, many IT leaders will find themselves involved with the annual corporate budget and investment planning for 2013.
Nicholas Evans of CIO provides five recommendations for how to best think about spending allocation to allow for the most return especially in light of what Mr. Evans calls “disruptive trends” such as cloud computing, big data, mobile and social networks. Mr. Evans points out that by 2020 disruptive trends are predicted to grow to 80% of IT spend and his recommendations below can help you get the most ROI from your annual planning and investments.
- Look for areas where the trend can enhance your mission-critical applications.
- Look for transformational ideas that innovate new processes or business models.
- Look for internal efficiency gains where you can generate significant cost savings or productivity gains.
- Look for areas where you can apply a combination of trends to provide greater business values.
- Look for a suitable mix of investments that provide both near- and longer-term returns - a balance of “quick wins” and “must haves”.
How is a disruptive trend (or trends) affecting your annual planning this year? Share with us.