According to Torii‘s new “State of IT Mind Report,” 99% of IT professionals say they’re fulfilled in their jobs, and 94% feel appreciated by their companies.
However, despite these astronomical levels of fulfilment and job satisfaction, stresses around IT spend, cybersecurity, and outdated technology weigh on their minds. Despite the rising pressure to cut IT costs, 75% of CIO respondents say wasted SaaS spend remains a threat to their company – yet none feel they have good visibility into how much is actually spent on SaaS apps as well as an effective framework for evaluating whether these investments are worthwhile.
“IT teams play a key role in company success. It’s great to see they’re energized by their jobs. However, they need to be empowered to address major challenges,” said Uri Haramati, CEO of Torii. “Many IT teams are lean and don’t have the human or technology resources needed to keep on top of their ever-changing app landscape and its associated risks. As the State of IT Mind report makes clear, IT pros urgently need an easy way to gain visibility and insights so they can effectively manage spend and curtail risk.”
Key Findings from the Torii State of IT Mind Report
Cybersecurity – the perennial threat – faces new competition from spend anxiety: Spend (cited by 61% of overall respondents), used to be lower on IT pros’ lists of concerns, but now it virtually ties with cybersecurity (62%). The fear that their organizations’ technology stacks lag behind competitors follows closely at 59%.
For CIOs in particular, SaaS spend is top of mind. Seventy five percent of CIOs say their inability to identify wasted SaaS spend is a threat to their company’s success.
CIOs feel blind to SaaS spend management: Despite CIOs’ concerns, 73% say their organization does not have a strategic framework for evaluating app rationalization and license usage. Thirteen percent say they lack even basic visibility into SaaS spend – indicating that IT organizations need to invest in tools that give them this visibility and, at the very least, instruct teams to create frameworks for assessing and taking action on SaaS investments.
IT isn’t confident in the methods they’re using to thwart cybersecurity threats: 50% of respondents point to leadership’s cybersecurity experience and awareness as a strong contributor to their company’s cybersecurity preparedness. However, only 27% cite cybersecurity systems and tools, and an even slimmer 16% say their companies are strong in training and education. This implies training must be more of a priority since employees are typically unwitting conduits for bad actors wanting to gain access to company networks and data.
IT prefers centralized IT models. Sixty eight percent of respondents work in a centralized IT model – and 82% would prefer it – over having IT services embedded throughout their company. This could make it difficult for lean IT teams to scale and effectively manage their SaaS ecosystems when the majority of cloud apps are acquired via Shadow IT, unless they have tools that enable better visibility and distributed management.
Access the full Torii report
Torii surveyed 200 IT professionals about their job satisfaction and key challenges they face. To access the full “State of IT Mind” report, click here.
Welcome to the April 2024 edition of ITAMantics, our monthly news podcast where we discuss the biggest ITAM stories from the last month. George is joined this month by AJ Witt and Ryan Stefani. Stories tackled ...
Hot on the heels of Broadcom’s announcement of the end of perpetual licences for VMware it has given customers barely a week to download any keys for licenses from its portal with expired support. This is ...
News of a new Broadcom deal rarely arrives with great fanfare. The November 2023 VMware acquisition provoked open worry online and in business circles, with many critics wondering whether the former Hewlett-Packard spinoff’s reputation would prove ...
Podcast
No time to read? Want to stay up to date on the move? Subscribe to the ITAM Review podcast.