How much of your organizations budget goes towards new technology? 

How much of your organizations budget goes towards new technology? 

Sreenivas Sreenath

Sreenivas Sreenath, CIO

The sector and size matters but usually about 4%.

Scott Young

Scott Young, CEO / President

The first thing to keep in mind is that the budget can vary widely and should not be encapsulated into a standard unless thorough analysis has been completed.  The number will vary widely by industry and age of the company and financial strength among other factors. Above 5% is what I generally see with successful growing firms.  If I am working to turn around a small firm and we find the tech they use is poorly suited, they are going to be investing in tech more aggressively than a similar firm in the same industry and same age...

Sulaiman Nayef

Sulaiman Nayef, CIO

the budget usually varies depends on many elements especially the group growth and economy