Spending More? As with the rest of the economy, IT spending has certainly reduced from it’s peak a few years ago, however it is on the rise again with Gartner predicting IT spend in 2012 to rise by 5.2% (excluding exchange rate fluctuations), across all sectors with the exception of spending in public/governmental sector which will shrink by 0.8%. What is particularly interesting is that small and medium sized businesses are those that are looking to increase their spend through to the end of 2016.
The Problem Organisations have always needed to be able to move in an agile way, but in this economic climate it is even more important to be able to react quickly to an identified opportunity or issues, even if the solution requires a vendor selection or RFP process. One of Fifth Step’s clients had just such an opportunity; a board level decision required a software solution and vendor selection process to be conducted, but the decision required prompt action and there wasn’t the time to perform a traditional length RFP.