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It's that time of year -- 2016 IT budgeting talks have begun.
What can we expect for IT spending in 2016? A recent Forrester report states that global technology markets -- measured in U.S. dollars -- will fall by 3.1% in late 2015, thanks to the unexpected strength of the U.S. dollar, but are expected to bounce back by 4.4% in 2016.
Where will the top spending be? Software and services are the fastest-growing areas, with cloud, in the form of software as a service, being the biggest driver of software product growth, according to Forrester. Spending in customer relationship management, mobile applications, analytics and other business technology-related services is also projected to increase.
While business technology spending still represents a small part of overall technology spending, it is on the rise and is expected to reach 32% of total technology spending in 2016 as business leaders "push to improve customer experiences and drive growth," according to the report.
Do you agree with these projections? Join our #CIOChat on Wednesday, Sept. 30, at 3 p.m. EST to discuss your IT budgeting expectations for 2016. Discussion may include whether you anticipate overall increases or decreases in IT spending, which technology areas will see the biggest gains or losses, and the rise of business technology spending in 2016.
Date: Wednesday, Sept. 30, 2015
Time: 3 p.m. EST
Hashtag: Use and follow #CIOChat
Tweet chat newbies -- and #CIOChat vets, too -- please review this list of tips before participating in the chat:
- To follow the conversation, type "#CIOChat" into Twitter's search bar. From this page, select "All" to view tweets in real time.
- Your first #CIOChat tweet should be introductory, including your name, title and organization.
- @SearchCIO will ask a series of questions related to 2016 IT budgeting expectations starting at 3 p.m. EST -- Q1, Q2, etc. In your tweeted responses to each question, please preface with A1 (Answer 1), A2 and so on. Then, remember to include "#CIOChat." Include this hashtag in every tweet during the chat.
- Please note that Twitter allows only 140 characters per tweet. You are welcome to tweet multiple responses to each question.
- Throughout the discussion, retweet (RT) and favorite tweets you concur with and reply to those you disagree with.
Please direct questions, RSVPs or other concerns to our editors. Talk to you on Twitter.