IT budget planning season is upon us. Inflation is still high, recession talk is simmering, and while global supply chains are on the rebound, the macroeconomic effects of conflict in Ukraine are still significantly impacting future planning. Additionally, unemployment remains low and talent is increasingly difficult to attract and retain, even with layoffs across several sectors. A recent Forrester Survey found that most IT leaders across organizations expect some increase in budget in 2024—with 78 percent of US technology decision makers expecting increased investment in cloud infrastructure and development—but less so than in 2023.
With many unknowns surrounding the current economic climate, how can you budget effectively for the coming year? Enabling agility in your organization and optimizing your technology investments are more important than ever. So how can your business get a handle on budgets and keep them in check? Flexera has put together a helpful planning guide that covers:
Check out the practical budget planning guide from ITAM Review and Flexera.