The Fortune 1000: Budgeted IT Initiatives & New Technology Adoption Trends

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THE FORTUNE 1000:
BUDGETED IT INITIATIVES &
NEW TECHNOLOGY
ADOPTION TRENDS

TRENDS IN THE FORTUNE 1000
BAO recently conducted a
market research study of 208
Fortune 1000 enterprises to
understand current budgeted
initiatives, new technology
adoption and purchasing
trends.
BUDGETED INITIATIVES & NEW TECH ADOPTION

HERE’S WHAT
WE FOUND
At

7% of the52% of Fortune 1000 orgs
have between 1 and 4 budgeted
IT initiatives.
41% have none
budgeted. market has
more than 5.
TRENDS IN THE FORTUNE 1000:
At a high-level purchasing activity isn’t even evenly
distributed among organizations
BUDGETED IT INITIATIVES
At

CLOUD
COMPUTING
MOBILITY/
BYOD
BUSINESS
INTELLIGENCE
CONVERGED
INFRASTRUCTURE
BIG
DATA
DATA CENTER
OVERHAUL
31% 24% 22% 19% 18% 17%
BUDGETED IT INITIATIVES
Among the Fortune 1000 companies buying IT,
these are the top budgeted strategic initiatives.

IT BUDGETS
Of the 208 Fortune 1000 organizations we spoke to,
less than a quarter have decreasing budgets.
18% of IT budgets will decrease.
62% of IT budgets will remain
20% of IT budgets will increase.
unchanged for the coming year.

SHADOW IT
The availability of the cloud has changed the way organizations
purchase and implement applications. Gartner predicts that shadow
IT will account for 35% of total IT spending in 2016. Here’s how
purchasing takes place in the Fortune 1000.
IT makes purchasing decisions per line of business
requirements.
73%
Lines of business are free to purchase technology on
their own.
Cross-functional decision-making teams are formed
where IT advises the line of business.
27%
5%

SHADOW IT & THE CLOUD
About ¼ of organizations have cloud applications
managed outside of IT.
74% of organizations have
26% of organizations have
cloud applications managed
outside of IT.
no cloud applications managed
outside of IT.

CLOUD USE IN LINES OF BUSINESS
Among the 26% of orgs with applications managed
outside of IT, which lines of business are utilizing the
cloud most frequently?
MARKETING
47%OPERATIONS
53%
SALES
51%
FINANCE
42%
ENGINEERING
31%
HR
20%

CLOUD USAGE
Of the companies surveyed, roughly 1/4 are not
using the cloud. For others, SaaS is the most
common usage.
SOFTWARE
AS-A-SERVICE
INFRASTRUCTURE
AS-A-SERVICE
CLOUD-BASED
COMPUTING
PLATFORM
AS-A-SERVICE
NOT USING
THE CLOUD
54% 42% 37% 35% 27%

THE CLOUD
In the Fortune 1000, IT applications already live in,
or will soon be moving to the cloud.
APPLICATION
DEVELOPMENT
OR TESTING
PRODUCT
APPLICATION
HOSTING
EMAIL
54%59%64%
13% 11% 10%
Percentage of orgs with
planned migrations to the
cloud
Percentage of orgs
currently deployed in the
cloud

BIG DATA
62% of organizations indicated they are utilizing big
data analytics in some areas of their business.
28% use big data to analyze
38% of Fortune1000 organizations
34% use big data to analyze
are not currently using big data.
3-10 areas of their business.
1-2 areas of their business.
1-2
3-10
NO BIG
DATA
AREAS
AREAS

BIG DATA USE CASES
Across the Fortune 1000, Operational Analytics is
the most common use for big data.
MARKETING
ANALYTICS
30%
OPERATIONAL
ANALYTICS
35%
CUSTOMER
ANALYTICS
33% INFORMATION
SECURITY
28%
FORECASTING
25%
PRODUCT
DEVELOPMENT
20%
TECH
EFFICIENCY
17%
INTERNET
OF THINGS
16%
OTHER
7%

STORAGE ENVIRONMENTS
49% of Fortune 1000 organizations interviewed
have >500TB of storage.
50-
100TB
100-
250TB
251-
500TB
>1 PB<50TB 501-1PB
10% 15% 16% 10% 12% 37%

FLASH STORAGE ADOPTION
Across the Fortune 1000, two thirds of organizations
have adopted some level of flash storage.
33%
have no
flash.
33%
have adopted
<10% flash.
34%
Have adopted
>10% flash.

44% of Fortune
1000 businesses
consider >46% of
their data as
mission critical.
MISSION CRITICAL DATA
Across the Fortune 1000, roughly 50% of businesses
consider at least half of their data to be “mission
critical.”
<15% 16-45% >46%
10% of Fortune
1000 businesses
consider <15% of
their data as
mission critical.
46% of Fortune
1000 businesses
consider 16-45%
of their data as
mission critical.
10% of F1000
businesses 46% of F1000
businesses 44% of F1000
businesses

GEOGRAPHICALLY SPEAKING
43 states are home to at least one Fortune 1000
company along with Washington D.C. and Puerto Rico.
1. Texas
2. California
3. New York
4. Illinois
5. Ohio
MOST FORTUNE 1000
COMPANIES BY STATE
1. New York City
2. Houston
3. Atlanta
4. Chicago
5. Dallas
MOST FORTUNE 1000
COMPANIES BY CITY

DOWNLOAD THE FULL
FORTUNE 1000 TREND REPORT AT
BAOINC.COM/F1000

To obtain these insights, BAO
conducted a research study of
208 Fortune 1000 enterprises to
understand current budgeted
initiatives, new technology
adoption and purchasing trends.
Utilizing its own Opportunity
Identification (OppID™)
services, BAO interviewed
influencers & decision makers
via telephone to collect
account-by-account
intelligence and gauge the
market as whole.

BAO is the de facto partner for sales and marketing teams
in the high-tech industry developing powerful, profitable go-
to-market strategies. BAO provides organizations the
customized, scalable, real-time support they need to
increase sales productivity, drive more efficient marketing,
and land priority accounts.
Learn more at www.baoinc.com

The Fortune 1000: Budgeted IT Initiatives & New Technology Adoption Trends

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The Fortune 1000: Budgeted IT Initiatives & New Technology Adoption Trends