Nearly 40% of Enterprises Kept IT Budgets Unchanged amid COVID-19

Nearly 40% of Enterprises Kept IT Budgets Unchanged amid COVID-19

A latest report from Yellowbrick says, 38% organizations continue to keep their IT budget
unchanged even if in the current economic slowdown amid COVID-19 pandemic. Nearly 85% of enterprise IT managers said cloud computing is more important than workplace disruption, while 60% say legacy computing is more crucial. A majority, about 82% respondents said they want hybrid or multi-cloud options to spread any risk from their cloud investments. More than half of them have increased IT investments.

Source: https://www.techrepublic.com/article/96-of-it-pros-say-covid-19-has-changed-the-way-they-think/

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Sneha Bokil is a Senior Editor with OnDot Media. She writes editorials on an array of topics ranging from IoT, AI, ML, and cloud computing, among others. She has over 9 years of experience in the field of content creation, where she has written on technology, both enterprise and consumer, and finance.