“Business continuity too low a priority within IT Departments” states Computer Economics study

When it comes to new spending, IT Departments have two rather clear priorities: securing their data and continuing the transition to the cloud. The lowest priority appears to be disaster recovery/business continuity. That’s according to Computer Economics’ annual IT Spending and Staffing Benchmarks Study 2017-2018.

Given the constant array of new threats facing IT Departments every day, it’s absolutely no surprise that security is a major priority for those professionals resident within. Stories of malware, ransomware, phishing attacks and security breaches are a near constant in the national and trade media, with the cost of repairing the damage and regaining customer trust also increasing.

At the same time, cloud applications and infrastructure not only improve security, but also enhance budget flexibility, which allows IT Departments to more effectively respond to the needs of the host business.

A net 70% of IT organisations reported increased spending on security/privacy. Not a single company reported a decrease in such spending. A net 67% of respondents reported increased spending on cloud applications. A net 52% and 51% reported increases in spending on cloud infrastructure and business intelligence, Big Data and data warehousing respectively.

The lowest priority for new spending was disaster recovery/business continuity, with a net 38% of respondents reporting increases. Despite being the lowest priority, the study does outline a noticeable increase in disaster recovery/business continuity spending growth. Only 33% of respondents reported increased spending in this area last year compared to 38% in 2017.

“We’re also seeing a modest increase in spending on outsourcing,” said David Wagner, vice-president of research at Computer Economics. “A net of 27% of respondents, which is up from 20% last year, are increasing their spending on outsourcing. We’re also seeing outsourcing budgets as a total percentage of IT spending increasing.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

Related Posts