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Spending & Investment

Budgeting for the cloud takes a village of IT and business decision-makers

Cloud spending in real dollars remains flat year over year, but the more telling shift lies in the reallocation of traditional IT budget toward cloud services. On average, one-quarter of IT budgets are now apportioned toward cloud services and tools. Also of note is how business and IT are collaborating on cloud investments – more than three-quarters of business-side respondents said they’re involved in determining the business need for cloud purchases. Has your cloud spending increased or decreased? How does it compare to spending among other companies in your industry? Answer the questions below to see how your business compares to the rest of the industry.

1. How much money are you investing this year in cloud-based services?

Benchmark Comparison

1. How much money are you investing this year in cloud-based services?


Key Insights

$1.56m
Companies expect to invest an average of $1.56 million in cloud-based services during the next 12 months – similar to 2014 ($1.61 million).

$2.9m
Not surprisingly, large companies will spend more than small and medium-sized companies: $2.9 million versus $578,000 on average.

$2.4m
Financial services ($2.4 million) and telecom ($2.1 million) companies have the biggest cloud budgets on average.

2. What % of your total IT budget is allocated to cloud services?

Benchmark Comparison

2. What % of your total IT budget is allocated to cloud services?

Key Insights

Business decision-makers need more visibility into cloud budgets.

2%

17%

2% of business respondents estimated that less than 5% of the total IT budget would be allocated to cloud over the next 12 months, vs. 17% of IT executives

15%

3%

15% of business respondents said their organization was spending $10 million or more on cloud, vs. 3% of IT executives

3. How are you involved in the purchase process for cloud computing solutions at your organization?

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Benchmark Comparison:

3. How are you involved in the purchase process for cloud computing solutions at your organization?

Key Insights

52%

39%

52% of BDMs cited the chief digital officer as a key influencer vs. 39% of ITDMs

78%

60%

78% of BDMs cited the chief operating officer as a key influencer vs. 60% of ITDMs

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Source: Research data based on a 2015 online survey of 962 readers of IDG publications CIO, CSO, Computerworld, Network World, Info World and ITworld.