A new report confirms what many in the IT sector have suspected – tech spending outside the IT department of Australian companies is increasing. Although 65 per cent of tech spending is controlled by the IT department, this will drop to 55 per cent over the next three years as other lines of business taking over more aspects of IT. This is according to a study, TechInsights Report: The changing role of IT and what to do about it by Vanson Bourne on behalf of CA Technologies. Vanson Bourne conducted the survey with 1,300 senior IT executives in 15 countries, including Australia. It concluded that over the coming years, IT departments must play a more strategic role in corporate decision-making to remain relevant. Australian respondents to the survey agreed, with 43 per cent saying that being a strategic business partner will be the main role of IT in three years’ time. This compared to 29 per cent believing this is the main of IT today, the research said. Hope Powers, managing director at CA Technologies, said the consequences of the move from centrally-managed IT has enormous consequences for IT leaders who must now become senior advisors who influence, guide and manage their organisation’s tech investments. Meanwhile, Australian respondents said the IT budget is split down the middle between keeping systems running and creating innovative products and services. But in three years’ time, 57 per cent of the budget will be spent on innovation. Thirty-eight per cent of respondents also said IT acts as a service brokers or consultant to other parts of the business rather than an exclusive supplier. Follow CIO Australia on Twitter and Like us on Facebook… Twitter: @CIO_Australia, Facebook: CIO Australia, or take part in the CIO conversation on LinkedIn: CIO Australia Follow Byron Connolly on Twitter:@ByronConnolly Related content BrandPost The future of trust—no more playing catch up Broadcom: 2023 Tech Trends That Transform IT By Eric Chien, Director of Security Response, Symantec Enterprise Division, Broadcom Mar 31, 2023 5 mins Security BrandPost TCS gives Blackhawk Network an edge with Microsoft Cloud In this case study, Blackhawk Network’s Cara Renfroe joins Tata Consultancy Services’ Rakesh Kumar and Microsoft’s Nilendu Pattanaik to explain how TCS transformed the gift card company’s customer engagement and global operati By Tata Consultancy Services Mar 31, 2023 1 min Financial Services Industry Cloud Computing IT Leadership BrandPost How TCS pioneered the ‘borderless workspace’ with Microsoft 365 Microsoft’s modern workplace solution proved a perfect fit for improving productivity and collaboration, while maintaining security of systems and data. By Tata Consultancy Services Mar 31, 2023 1 min Financial Services Industry Microsoft Cloud Computing BrandPost Supply chain decarbonization: The missing link to net zero By improving the quality of global supply chain data, enterprises can better measure their true carbon footprint and make progress toward a net-zero business ecosystem. By Tata Consultancy Services Mar 31, 2023 2 mins Retail Industry Supply Chain Green IT Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe