Ah, the ever-evolving landscape of IT spending. It’s like trying to navigate a constantly shifting maze with a blindfold on, isn’t it? Well, fear not, my tech-savvy friends, because we’ve got some juicy insights to share about the state of IT spend in 2024.
So, Aberdeen’s analysis of IT spending has given us a nifty standards-based taxonomy of 8 high-level categories and 84 specific areas, all based on the data gathered in the Spiceworks Ziff Davis State of IT 2024 report. That’s a mouthful, but it’s basically the holy grail of information when it comes to understanding where organizations are putting their IT dollars.
Let’s take a deep dive into computing infrastructure and IT staffing, shall we? It turns out that less than 5% of all respondents in the State of IT 2024 dataset have gone “All-in” on either in-house or outsourced strategies for computing infrastructure and technical staffing. In other words, more than 95% of organizations are currently playing the field with a blended approach. Can you blame them? Variety is the spice of life, after all.
Now, brace yourself for some numbers. For the in-house strategy, the median annual total IT spend percentage is around 60%. On the flip side, for the outsourced strategy, the median annual total IT spend percentage is about 20%. Crunch the numbers and you’ll find that the median ratio of total IT budgets allocated to outsourced versus in-house categories is inching towards 40%. Talk about finding that sweet spot.
But wait, there’s more! This analysis also shines a spotlight on the monumental impact of cloud-based IT strategies. It’s like the Pied Piper leading everyone towards the cloud, but let’s not forget the good ol’ in-house capabilities. They’re like the loyal sidekick, always there to save the day.
In our next blog, we’ll dish out another tantalizing example of how an organization’s strategic initiatives are mirrored in its resource allocation decisions, specifically in the realm of cybersecurity as a percentage of computing infrastructure. If that doesn’t make you want to pull up a seat and join our insightful discussion on managing choices and tradeoffs in IT spend, I don’t know what will. So, mark your calendars and get ready to geek out with us.
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