The Budget Gap When it comes to funding future IoT projects, IT and OT have different expectations, creating the Budget Gap.
To understand how budgetary issues might impact IT and OT plans, we asked survey respondents to assess their expectations for budget cycles over the coming 12 to 24 months. While two thirds of respondents expect budgets to either remain steady or increase slightly over this time period, slightly over a quarter expect to see dramatic increases in budget. The primary beneficiaries of this
budget surplus are within the Media & Technology sector, with 34 percent of respondents expecting budgets to increase dramatically. Banking/Financial Services and Healthcare/Pharma are also expected to fare well. Those within the Public Sector and Products industries, however, are more likely to experience budgets that remain steady or only increase slightly.
Source: Futurum Research, Bridging the IoT Perception Gap, Survey of 500 IT/OT Professionals
While over two thirds of overall respondents expect increased budgets over the coming months, this optimism is not shared equally by IT and OT respondents. Over a quarter of IT respondents ex-
pect IoT budgets to increase dramatically over the coming 12 to 24 months, whereas only 2.4 percent of OT respondents expect to see budgets dramatically increase. INFORMATION VS OPERATIONAL TECHNOLOGY 17
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