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Planning Your IT Budget for 2022: 5 Things to Consider

IT Budget

In this post, we’ll explain how you can plan your IT budget for 2022 and five key things you’ll need to consider investing in next year.

So if you still haven’t locked in your IT spending for 2022, you’ll find this article very helpful.

Let’s begin.

#1 Moving to the Cloud 

Moving data and key business activities to the cloud will continue to be a top priority in your IT budget for 2022. 

Cloud technology proved to be critical for business resilience in 2020 and 2021, due to the disruption caused by the COVID-19 pandemic. 

Continuing to invest in the cloud will provide your organization with high availability and agility in case another global disruption occurs.

In fact, in 2021, nearly all organizations started using at least one public or private cloud.

AWS, Azure and Google remain the top three public cloud providers. 

Another thing to consider is the hybrid cloud

We are seeing more and more businesses adopt the hybrid cloud approach (using both private and public cloud) because it ensures:

  • Streamlining application workloads to scale
  • Continuous and uninterrupted operations automation
  • Reduced traffic paths between remote workers and the apps they use
  • Improved end-user experience

So it’s worth taking the time to consider multi-cloud strategies, as well.

preparing the IT budget

#2 Security

When planning the IT budget, double-down on cybersecurity

In fact, investing in security upgrades is one of the top initiatives among IT leaders in 2022. 

Why? 

Because of the rising risk of cybersecurity threats in 2021. 

Attacks like Ransomware and Phishing scams won’t stop in 2022, yet they have a negative impact on your business, regardless of its size.

Make sure you are compliant with the latest updates of the NIST or ISO standards, as well. 

Keeping track of this may seem complicated, so 2022 may be a good time to outsource security and hire a cybersecurity expert. (If there’s room in your IT budget, of course)

#3 Remote working 

Like most companies in 2020 and 2021, you’ve had to transition to remote work. You’re not the only one:

In the next five years, experts expect nearly 41 million U.S. employees will be fully remote.

In 2022, your IT spending should reflect this trend in three ways:

  • Evaluating and changing current remote policies
  • Evaluating and changing current technology
  • Investing in key additional tech stacks

First, you probably already have policies in place to manage remote work. But it may be that they are now almost two years old.

Setting aside additional resources to re-evaluate them and optimize them before the end of the year is a smart IT investment for 2022.

It’s the same story with technology. This is the perfect time to make an assessment of the tech stacks your remote workers use and operate on.

New remote solutions may provide better or more affordable collaborative and time management tools that your employees can get on board with in 2022.

Finally, it’s worth investing in new technologies, especially in the area of backup and recovery, as well as cloud networking and security.

#4 Managed Services

In 2022, the landscape will be ideal for contracting managed IT service providers. So it may be finally worth outsourcing your tech services and support to outside experts.

Having a managed services provider (MSP)  benefits businesses in so many ways. But, the main benefit is that it allows teams to focus on their core objectives. 

MSPs also offer an array of services that are customizable, and which may reduce your 2022 IT spending if you outsource it to a professional provider.

planning the IT budget

#5 Networking

Lastly and most importantly,  IT budgets should include networking. Companies have realized the huge potential of the network. 

The network enables: 

  • New ways of working by
  • Connectivity to business-critical servers
  • Providing the basis to support business across countries
  • Adopting newer connectivity technologies

Get Help from a Trusted IT Specialist

As we all know, Covid-19 threw budget planning off track. 

You’re probably not really sure how to cut your IT budget.

Of course, first you need to calculate how big or small your IT budget is. 

Even if you have an adequate IT budget, you still have to prioritize where to invest it. 

This process can be extremely overwhelming. The best thing to do is to hire a specialist. 

At least, that’s easy. You just found one!

We at Demakis Technologies provide a comprehensive range of services.

This also includes cybersecurity, data backup & recovery, cloud solutions, managed services and networking

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