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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%
TRENDS IN THE FORTUNE 1000
BUDGETED IT INITIATIVESAmong the Fortune 1000 companies buying IT, these are the top budgeted strategic initiatives.
BUDGETED INITIATIVES & NEW TECH ADOPTION
TRENDS IN THE FORTUNE 1000
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.
BUDGETED INITIATIVES & NEW TECH ADOPTION
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%
TRENDS IN THE FORTUNE 1000BUDGETED INITIATIVES & NEW TECH ADOPTION
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.
TRENDS IN THE FORTUNE 1000BUDGETED INITIATIVES & NEW TECH ADOPTION
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?
TRENDS IN THE FORTUNE 1000
MARKETING47%OPERATIONS
53%
SALES51%
FINANCE42%
ENGINEERING
31%
HR20%
BUDGETED INITIATIVES & NEW TECH ADOPTION
CLOUD USAGEOf the companies surveyed, roughly 1/4 are not using the cloud. For others, SaaS is the most common usage.
TRENDS IN THE FORTUNE 1000
SOFTWAREAS-A-SERVICE
INFRASTRUCTUREAS-A-SERVICE
CLOUD-BASEDCOMPUTING
PLATFORMAS-A-SERVICE
NOT USINGTHE CLOUD
54% 42% 37% 35% 27%
BUDGETED INITIATIVES & NEW TECH ADOPTION
THE CLOUDIn the Fortune 1000, IT applications already live in, or will soon be moving to the cloud.
TRENDS IN THE FORTUNE 1000
APPLICATION DEVELOPMENT
OR TESTING
PRODUCT APPLICATION
HOSTING
54%59%64%
13% 11% 10%
Percentage of orgs withplanned migrations to the cloudPercentage of orgs currently deployed in the cloud
BUDGETED INITIATIVES & NEW TECH ADOPTION
BIG DATA62% of organizations indicated they are utilizing big data analytics in some areas of their business.
TRENDS IN THE FORTUNE 1000
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
BUDGETED INITIATIVES & NEW TECH ADOPTION
BIG DATA USE CASESAcross the Fortune 1000, Operational Analytics is the most common use for big data.
TRENDS IN THE FORTUNE 1000
MARKETINGANALYTICS
30%OPERATIONAL
ANALYTICS
35%CUSTOMERANALYTICS
33% INFORMATIONSECURITY
28%
FORECASTING
25%
PRODUCTDEVELOPMENT
20%
TECHEFFICIENCY
17%
INTERNETOF THINGS
16%
OTHER
7%
BUDGETED INITIATIVES & NEW TECH ADOPTION
TRENDS IN THE FORTUNE 1000
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%
BUDGETED INITIATIVES & NEW TECH ADOPTION
TRENDS IN THE FORTUNE 1000
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.
BUDGETED INITIATIVES & NEW TECH ADOPTION
44% of Fortune 1000 businesses consider >46% of their data as mission critical.
TRENDS IN THE FORTUNE 1000
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
BUDGETED INITIATIVES & NEW TECH ADOPTION
TRENDS IN THE FORTUNE 1000
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
BUDGETED INITIATIVES & NEW TECH ADOPTION
baoinc.com [email protected] 978-763-7500
DOWNLOAD THE FULL FORTUNE 1000 TREND REPORT AT
BAOINC.COM/F1000
TRENDS IN THE FORTUNE 1000
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.
BUDGETED INITIATIVES & NEW TECH ADOPTION
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