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A company’s IT budget often reflects its strategic goals, ambitions and vision. Here’s what corporate IT decision makers polled by TechRepublic said were their top IT spending priorities for 2020:
#1–Security: Last year, 63% of respondents hailed network and data security as top budget priorities. This year the number fell to just 51%, perhaps reflecting returns from previous security investments or a shift in business focus.
#2–Cloud services: Forty-five percent of IT leaders reported this as their top IT budget priority.
#3–Internal hardware and software purchases placed third, as 37% of respondents ID’d them as top IT budget items. Rounding out the list were: digital transformation (31%), employee training (29%) and at 9%, IoT implementation. About half of those polled want (and expect) more value from technology vendors, including simplified fee and pricing schedules.