Soar to Success March 2021

In 2021, IT Investments Are Essential but Uncertain By Jeanne DeWitt I n times of financial strain, IT budgets can, unfortunately, be one of the first line items to go. With so many things up in the air for 2021, business leaders will need to inspect their budgets with extra scrutiny. Putting off IT expenses can create what techies call technical debt. Technical debt, also referred to as tech debt, code debt, or design debt, describes a situation when technical quality is sacrificed in exchange for a speedier delivery. panies were split on what direction IT spending will take in 2021. About a third of IT staffers reportedly expect a decrease in spending, while nearly half reported the opposite -- an increase in overall dollars allocated to IT expenditures such as digital transformation. Inside most businesses, this transformation means a continued focus on remote access and the capabilities for workers to use any device anywhere at any time to access work applications. Regardless of the “why,” going into technical debt canbecome a black hole, affecting more aspects of your IT program than expected. In today’s ever-changing technology environment, here are the top IT investments companies are making for 2021. Prioritizing Digital Transformation In a recent survey on U.S. technology spending, com-