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