SIM National News

2018 SIM IT Trends Study Comprehensive Report Available Now!

By Matt Kuchinos posted 12-19-2018 10:23

SIM IT Trends Study

2018 SIM IT Trends Study Comprehensive Report Available Now!

Have you heard that cybersecurity remains the top IT concern for organizations yet they are, on average, only “moderately ready” to handle cybersecurity concerns?  If not, then you probably haven’t seen the new 2019 SIM IT Trends Study Comprehensive Report.  The report, available here, is free of charge to all current SIM members ($995 for non-members).

In addition to the top ten most worrisome IT management issues and the largest IT investments, the report provides an unparalleled view of IT leadership and operations within organizations of all sizes from nearly every industry. Almost all signs point to a sustained IT expansion with budgets continuing to grow and the role of the CIO expanding strategically. CIO job tenure is up, over 80% of CIOs came from outside organizations, and the percent of CIOs from non-IT backgrounds has more than tripled in the past 36 months.

The IT job market continues to be quite strong, with both voluntary IT turnover and the number of IT FTEs continuing to rise. Despite mostly positive indications, there are perhaps early signs of a slowdown with average IT budgets as a percent of revenue down modestly (but still 20% above the 10-year average), IT budgets increasing less in 2018 than 2017 (but still up double the inflation rate), and fewer organizations increasing their IT budgets for the first time since 2012. It’s impossible to summarize all of the exciting findings and insights here so be sure to check out the full report to see what else you may find helpful and interesting.

As 2018 draws to a close, the IT Trends Study Team is now turning its attention to 2019 by revisiting the study’s questionnaire and preparing for an early April launch. We would like to extend another big “thank you” to all the SIM members who continue to support this valuable initiative by participating in the study.

And a big appreciative shout out to our SIM Knowledge Partners for their support of the study and the IT Trends Chapter Challenge Contest. How will your chapter fare in 2019?