Report: Technology Budgets – Managing Shifting Priorities

How has COVID-19 further complicated IT budgets?

To learn more about how IT decision makers are managing their budgets in the face of the pandemic, Rackspace Technology commissioned a global survey 1500+ CSOs, CIOs, CTOs and other IT leaders in 10 different countries. Key findings from the report include:

  • 46% of respondents don’t believe that the people making technology budget decisions are capable of doing so. 
  • 80% of respondents reported new concerns about IT costs during the COVID-19 crisis
  • 59% of respondents reported COVID-19-related spending increases to support remote working
  • Nearly half (49%) of survey respondents identified optimizing existing cloud infrastructure as a way to cut costs

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