In a new report from IDG Connect and Snow Software, the global provider of technology intelligence solutions, 67% of IT leaders said at least half of their spend is now controlled by individual business units, the company said.
While most believe this is beneficial for their organization, it presents new challenges when combined with increased cloud usage — 56% of IT leaders are concerned with hidden cloud costs and nearly 90% worry about the prospect of vendor audits within cloud environments.
The survey, conducted to understand how the rise of infrastructure-as-a-service (IaaS) and democratized IT spending is impacting businesses, found that more than half of IT leaders expressed the need to gain better visibility of their IT assets and spending across their organization.
IDG Connect, a division of International Data Group (IDG), the world´s largest technology media company, produces, publishes and distributes local IT and business information on behalf of a truly global client base. For more information visit: www.idgconnect.com.
Snow Software is the global provider of technology intelligence solutions, ensuring the trillions spent on all forms of technology is optimized to drive maximum value. More than 4,000 organizations around the world rely on Snow´s platform to provide complete visibility, optimize usage and spend and minimize regulatory risk. Headquartered in Stockholm, Snow has more local offices and regional support centers than any other software asset and cloud management provider, delivering unparalleled results to our customers and partners. To find out more, visit www.snowsoftware.com and follow Snow on Twitter @snowsoftware.
