Nearly 74 percent of technology acquisitions are funded by non-IT business units: Gartner study – Arabian Business

Nearly 74 percent of technology acquisitions are funded by non-IT business units: Gartner study – Arabian Business

Business units (BU) outside of IT are increasingly playing larger roles in technology purchasing decisions, according to a recent study by Gartner.

According to the analyst firm, 74 percent of technology acquisitions are funded, at least partially, by non-IT business units. Meanwhile, only 26 percent of technology investments are funded entirely by the IT organisation.

“As technology becomes more critical to and embedded across the business, buying team dynamics continue to evolve. In the past, it was relatively easy to predict who buyers were, but all that has changed,” said Derry N. Finkeldey, research vice-president, Gartner.