IT spending remains buoyant despite the pandemic

In the face of restrictive lockdowns and stay-at-home orders, IT budgets have held up remarkably well according to a new study, as technology becomes a critical ingredient in launching new products and services. The report from OpsRamp is based on responses from 230 IT operations and DevOps executives in the US and UK with at least 500 employees and $5 million in annual IT budgets. In the second and third quarters of 2020, 60 percent of IT leaders significantly or moderately increased their annual technology budgets while only 22 percent significantly or moderately reduced their IT spending. Meanwhile, 63 percent… [Continue Reading]