5 Surprising Costs That Can Impact Your IT Budget
Research reveals that IT spending is a continues priority for businesses. Gartner predicts that IT spending will hit $3.7 trillion this year, a 6.2 percent increase from 2017. As IT spending increases, companies are looking to get their tech budgets in line.
IT budgeting is obviously important, it provides direction and a holistic view of a company’s IT needs and funding requirements. Enterprises spend a lot of time preparing their IT budget. They have to ensure it reflects the company’s overall IT strategy, identify crucial IT initiatives, lay out strategic priorities for the year ahead, and allocate funding. A lack of proper budgeting can lead to significant unnecessary overheads, which IT departments try to avoid.
In a recent article, Gayle Heskiel, Net@Work’s VP of Professional Services, points out these five surprising costs that companies may have overlooked, but have the potential to affect an organization’s IT budget:
- Supreme Court Decision on Online Sales Tax
- Changes to Shared Mailbox License Cost
- Security Breaches
- Americans with Disabilities Act (ADA) Title III
- General Data Protection Regulation (GDPR)
For a more in-depth look at these potentially overlooked areas of concern and how they can impact your IT department and spending, you can read the full article here.