Tech spending is trending downward, with multiple studies showing IT is once again being asked to do more with less.
A July report issued by research firm Gartner said worldwide IT spending in 2020 will drop 7.9 percent from last year’s figure. IDC in May predicted a 5.1 percent decline in worldwide IT spending. And a survey of 100 IT leaders from Apptio found that 80 percent feel pressure to cut IT spend, while 50 percent have already cut budgets.
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