Worldwide IT expenditure will top $3 trillion this year, or an 8% jump over last year, according to analyst firm Gartner. A full one-third of IT spending also occurs outside of "North America, Western Europe, and Japan."
Gartner notes that the response from IT leaders should be to react even faster to changes with greater flexibility and agility.
According to Peter Sondergaard, senior vice president and global head of research at Gartner:
New IT spending outside the world's traditional technology centers is creating new innovation, competitors, use patterns, and improved cost-benefits for users.
Simply delivering internally focused savings isn't going to be enough. You need to step up to the challenge of delivering new solutions to those critical business imperatives.
Does Gartner's analysis jive with your IT department's annual budget?
Paul Mah is a writer and blogger who lives in Singapore, where he has worked for a number of years in various capacities within the IT industry. Paul enjoys tinkering with tech gadgets, smartphones, and networking devices.