The way many businesses handle their IT budgets is fundamentally broken. With global IT spending projected to hit $5.61 trillion in 2025, its importance is undeniable. Yet, too often, IT is treated as a mere "cost center"—a necessary evil whose budget needs constant trimming. This isn't just outdated accounting; it's a strategic blunder that stifles innovation, increases risk, and holds your business back.
It's time to shift perspective. Your IT budget isn't just an expense; it's a powerful investment that can drive growth, efficiency, and competitive advantage. The problem isn't just how much you spend, but how you spend it.
Here’s how to fix your approach: