A recent report from Yellowbrick has shed light on the impact of COVID-19 in regards to IT budgets and work environments moving forward.
COVID-19's Impact on Businesses
The coronavirus has impacted almost every industry across the globe as remote work has become the new norm for many companies. For businesses that were unable to move to remote environments, some had to close temporarily and others were forced to shut down permanently. Business that were able to avoid shut downs often had to cut costs in order to relieve financial stress.
However, according to a new report from Yellowbrick, that wasn't that case for the IT industry. Nearly 38% of 1,000+ enterprise IT managers and executives surveyed stated their IT budgets remained unchanged or actually increased since the pandemic.
Why IT Budgets are Increasing
So what's the reason IT budgets may remain the same or increase at a time like this? Yellowbrick's chief marketing officer, Jeff Spicer, said "The survey brought to light some trends that we have been noticing recently related to the speed at which companies are moving to the cloud and investing in analytics. In fact, more than half of enterprises are accelerating their move to the cloud in light of COVID-19 challenges to their businesses,”
In order for companies to embrace this new professional landscape they need to experiment with what works best for their employees and consumers. Maintaining or increasing IT budgets allows businesses to be more flexible and remain competitive during the pandemic and into the future. The data collected by Yellowbrick also shows that companies are not looking to go fully remote, in fact, around 55% are looking into a hybrid strategy, with a combination of cloud and on-prem solutions. Many businesses feel a hybrid approach will be best for day-to-day functions and handling any unforeseen challenges.
Benefits of a Hybrid Approach
Implementing a hybrid environment can offer a multitude of benefits. Surveyed participants who had moved from entirely on-prem to a hybrid setup offered insight for best practices when using moving to a hybrid environment:
Increased control over services and equipment
Improved network optimization
Added Security and flexibility
Ability to scale faster without compromising sensitive data
Hybrid Printing and Scanning
Printing and scanning capabilities are foundational functions, no matter what environment an organization uses to operate. Implementing remote printing and scanning can feel overwhelming, especially when it comes to managing devices and users. With over 20 years of experience in enterprise print and scanning management, Tricerat has solutions fit for any environment, making enterprise management simple and quick. Our solutions offer seamless integration, effortless management and are remote work ready. Take your hybrid approach to the next level by giving your administrators better management tools, and by giving your end-users increased flexibility.
Check out Tricerat's powerful enterprise solutions today.
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