Indian organizations are increasing their IT budgets more than any other country in the Asia Pacific region with 19% increasing IT spending by more than 10% in 2013, according to Forrester research.
In total 64% in India will increase IT budgets in 2013 compared to the Asia Pacific average of 45%.
In China 14% of organizations plan to spend over 10% more on IT in 2013, while a total of 39% plan to increase spending.
As companies become more data-driven, the CIO role keeps on changing
CIO role shifts as the business controls more tech spending
Forrester expects Indian businesses to lead the world in terms of IT budget growth for years. “Indian organizations planned to expand their IT spending at faster rates than their regional peers at the beginning of the year,” said Dane Anderson, Asia Pacific Manager at Forrester Research. “However, the deteriorating economic conditions since then have dampened some of their aggressive plans. In spite of the current pressures, we expect Indian IT budgets to be among the fastest-growing in the world for years to come.”
But CIOs are losing budget as IT responsibility spans the enterprise. According to Forrester in the Asia Pacific region CIOs now directly control less than 60% of enterprise IT spending. IT organizations accounted for 58% of IT purchases in 2012, down from purchased 74% in 2010. “In contrast, [our] data shows that business leaders are often growing their IT spending at very healthy rates even as CIOs deal with budget reductions. Business leaders focused on business outcomes and innovation directly controlled 33% of regional enterprise IT spending in 2012 -- a share that is growing quickly,” said Forrester.