The Top 5 Largest IT Investments in 2017 - SIM - Medium - 0 views
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Business analytics not only tops the list of IT investments, but it also ranks first on the list of departments that executives think deserve even more investment.
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As companies transition to cloud-based technologies, they spend heavily on custom configurations and ensuring applications work in conjunction with each other.
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High profile data breaches at companies like Target and Yahoo have forced executives to recognize the potential consequences.
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“There’s huge competition out there in the cloud market, and so that competition is very likely to drive down the cost of those cloud-based services,”
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Though CRM has been widely-used by Fortune 500 companies for decades, the CRM market is expanding rapidly as CRM software companies seek to penetrate the market for small-to-medium-sized businesses.
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This article is based on SIM's top 5 largest IT investments of 2017, which I found interesting to share, as we learn about I.T. investments. They ranked business analytics as the number one of IT investments, as companies are always looking to hire the best talent. Next on the list is custom software development, as new technologies now allow access to different applications to work together. Furthermore on the list, are cybersecurity, cloud computing, and CRM, which is no surprise as they are growing tools in today's technology driven industry. Overall, I agree with SIM's list, as these top 5 investments are clearly necessities to success in today's tech-driven industries.