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Why increasing IT spending is so important right now

There is a feeling of impending recession. Businesses are weighing whether to restrict spending in light of inflation fears and economic uncertainty, or speed it up to be ahead of rivals. The response from IT departments has been divided.

According to research from analysts at businesses like Gartner, IT budgets will increase by that percentage in the year 2022. ETR forecasts a similar 6.7% YoY increase in IT expenditure. Both of these numbers point to an increase in IT expenditures, but at a more modest rate than in recent years. However, there are many who believe that business investment in IT will grow in the next year.

It’s understandable that some businesses might be perplexed in the wake of the difficulties and ambiguity the epidemic has brought. But putting on the brakes at this time is a terrible idea.

Investing in IT is a must for every successful organisation. The role of IT departments is that of facilitators, assisting workers in discovering and making the most of their available technology in order to carry out their regular duties. Our study found that after the pandemic, IT took on a new mandate to improve the employee experience.

In addition, IT dramatically improves the effectiveness of corporate operations. Employees in information technology (IT) are the go-to people for questions about any aspect of a business’s IT infrastructure and may recommend ways to save costs. For instance, they have the foresight to recognise unused programmes and eliminate them. For example, BetterCloud reported that forty percent of IT pros merged duplicate SaaS programmes in 2018.

IT also protects the most sensitive information of a company. SaaS use is increasing even as the industry consolidates. In 2018, businesses adopted an average of 130 SaaS apps, an increase of 18% from the year before. More applications means more data spread out in more places, which means more work for IT to corral it all. Information is leaked both accidentally and maliciously every year. It’s essential in today’s modern, computer-based office environment. In this regard, IT is responsible for establishing limits. Our analysis shows that 81% of IT workers believe they are responsible for ensuring the security of confidential information housed in SaaS applications.

The ultimate conclusion is that reductions in information technology might have unintended consequences. There will always be moments when tweaks are warranted, but it’s important to do so with caution. If done incorrectly, it might have the opposite effect, harming output, introducing inefficiencies into operations, and reducing defences.

When facing technological uncertainty, what options do you have?

The first step is to put your knowledge to use in order to increase output and strengthen the company. You can see the whole digital workplace from a vantage point that no one else enjoys. You are in a prime position to provide suggestions for boosting efficiency, lowering resistance, and increasing output across the board.

Get things going with a complete evaluation. Identify issues such, “Which applications enable our staff to accomplish their best work?” and their solutions. What programmes are interfering with work flow? Where do we store information that is crucial to our company? When and where do we face the greatest dangers?

Find the places where efficiencies may be made after you’ve identified the weak points and potential dangers. If you need more people to get things done, you should look into recruiting. It will be difficult since qualified IT workers are in short supply right now. You can be confident, however, that if your company is a cutting-edge IT outfit that assigns strategic tasks to its workers, you will get the backing you need.

If this is a technological problem, it may be time to reevaluate your present productivity stack. Where does it stand in terms of usage? The number of SaaS applications may be reduced with little effect on productivity if the consolidation is done wisely. Orphaned and unnecessary applications represent easy pickings. If your company has 300 applications but your workers are only using 50 of them, it’s time to do some serious culling. Workload reduction and financial savings are both direct results.

If you’re forced to scale down, one good place to start is by cutting back on things that use up energy and money. It is recommended to begin with automating costly and time-consuming IT procedures. Automate routine IT tactical administrative tasks. Leap on the zero-touch IT bandwagon, a paradigm that is gaining popularity in today’s businesses. Get on board with the solution that will speed up automation, provide you with complete visibility into your SaaS app ecosystem, and allow you to exert complete control over it.