The Fortune 1000: Budgeted IT Initiatives & New Technology Adoption Trends

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THE FORTUNE 1000:BUDGETED IT INITIATIVES &NEW TECHNOLOGY ADOPTION TRENDS

TRENDS IN THE FORTUNE 1000

BAO recently conducted a market research study of 208 Fortune 1000 enterprises to understand current budgeted initiatives, new technology adoption and purchasing trends.

BUDGETED INITIATIVES & NEW TECH ADOPTION

HERE’S WHAT WE FOUND

TRENDS IN THE FORTUNE 1000BUDGETED INITIATIVES & NEW TECH ADOPTION

At

7% of the52% of Fortune 1000 orgs have between 1 and 4 budgeted IT initiatives.

41% have nonebudgeted. market has

more than 5.

TRENDS IN THE FORTUNE 1000:BUDGETED INITIATIVES & NEW TECH ADOPTION

At a high-level purchasing activity isn’t even evenly distributed among organizations

BUDGETED IT INITIATIVES

At

Chart Title

CLOUDCOMPUTING

MOBILITY/BYOD

BUSINESSINTELLIGENCE

CONVERGEDINFRASTRUCTURE

BIGDATA

DATA CENTEROVERHAUL

31% 24% 22% 19% 18% 17%


BUDGETED IT INITIATIVESAmong the Fortune 1000 companies buying IT, these are the top budgeted strategic initiatives.



IT BUDGETSOf the 208 Fortune 1000 organizations we spoke to, less than a quarter have decreasing budgets.

18% of IT budgets will decrease.

62% of IT budgets will remain

20% of IT budgets will increase.

unchanged for the coming year.


SHADOW ITThe availability of the cloud has changed the way organizations purchase and implement applications. Gartner predicts that shadow IT will account for 35% of total IT spending in 2016. Here’s how purchasing takes place in the Fortune 1000.

IT makes purchasing decisions per line of business requirements.

73%

Lines of business are free to purchase technology on their own.

Cross-functional decision-making teams are formed where IT advises the line of business.

27%

5%


SHADOW IT & THE CLOUD About ¼ of organizations have cloud applications managed outside of IT.

74% of organizations have

26% of organizations havecloud applications managed outside of IT.

no cloud applications managed outside of IT.


CLOUD USE IN LINES OF BUSINESSAmong the 26% of orgs with applications managed outside of IT, which lines of business are utilizing the cloud most frequently?


MARKETING47%OPERATIONS

53%

SALES51%

FINANCE42%

ENGINEERING

31%

HR20%


CLOUD USAGEOf the companies surveyed, roughly 1/4 are not using the cloud. For others, SaaS is the most common usage.


SOFTWAREAS-A-SERVICE

INFRASTRUCTUREAS-A-SERVICE

CLOUD-BASEDCOMPUTING

PLATFORMAS-A-SERVICE

NOT USINGTHE CLOUD

54% 42% 37% 35% 27%


THE CLOUDIn the Fortune 1000, IT applications already live in, or will soon be moving to the cloud.


APPLICATION DEVELOPMENT

OR TESTING

PRODUCT APPLICATION

HOSTING

EMAIL

54%59%64%

13% 11% 10%

Percentage of orgs withplanned migrations to the cloudPercentage of orgs currently deployed in the cloud


BIG DATA62% of organizations indicated they are utilizing big data analytics in some areas of their business.


28% use big data to analyze

38% of Fortune1000 organizations

34% use big data to analyze

are not currently using big data.

3-10 areas of their business.

1-2 areas of their business.

1-2

3-10

NO BIGDATA

AREAS

AREAS


BIG DATA USE CASESAcross the Fortune 1000, Operational Analytics is the most common use for big data.


MARKETINGANALYTICS

30%OPERATIONAL

ANALYTICS

35%CUSTOMERANALYTICS

33% INFORMATIONSECURITY

28%

FORECASTING

25%

PRODUCTDEVELOPMENT

20%

TECHEFFICIENCY

17%

INTERNETOF THINGS

16%

OTHER

7%



STORAGE ENVIRONMENTS49% of Fortune 1000 organizations interviewed have >500TB of storage.

50-100TB

100-250TB

251-500TB

>1 PB<50TB 501-1PB

10% 15% 16% 10% 12% 37%



FLASH STORAGE ADOPTIONAcross the Fortune 1000, two thirds of organizations have adopted some level of flash storage.

33%have no

flash.

33%have adopted<10% flash.

34%Have adopted>10% flash.


44% of Fortune 1000 businesses consider >46% of their data as mission critical.


MISSION CRITICAL DATAAcross the Fortune 1000, roughly 50% of businesses consider at least half of their data to be “mission critical.”

<15% 16-45% >46%

10% of Fortune 1000 businesses consider <15% of their data as mission critical.

46% of Fortune 1000 businesses consider 16-45% of their data as mission critical.

10% of F1000businesses 46% of F1000

businesses 44%of F1000businesses



GEOGRAPHICALLY SPEAKING43 states are home to at least one Fortune 1000 company along with Washington D.C. and Puerto Rico.

1. Texas 2. California 3. New York 4. Illinois 5. Ohio

MOST FORTUNE 1000 COMPANIES BY STATE

1. New York City 2. Houston 3. Atlanta 4. Chicago 5. Dallas

MOST FORTUNE 1000 COMPANIES BY CITY



DOWNLOAD THE FULL FORTUNE 1000 TREND REPORT AT

BAOINC.COM/F1000


To obtain these insights, BAO conducted a research study of 208 Fortune 1000 enterprises to understand current budgeted initiatives, new technology adoption and purchasing trends.

Utilizing its own Opportunity Identification (OppID™) services, BAO interviewed influencers & decision makers via telephone to collect account-by-account intelligence and gauge the market as whole.



BAO is the de facto partner for sales and marketing teams in the high-tech industry developing

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The Fortune 1000: Budgeted IT Initiatives & New Technology Adoption Trends

Technology

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