- ClicktoTweet : Over 40% of Utilities across Western Europe will increase external IT spending over this year - IDC Energy Insights
- High-level benchmark of ICT budgets versus revenues
- Distribution of budget between growth, innovation, and maintain/run and compliance
- Expectations for external IT spending and its control (IT versus line of business)
- Leading business initiatives
- Top information security priorities
- Almost one in every five Western European utilities is optimistic for the next 12-18 months, but the great majority of these utilities are unsure about the business outlook for the next 12-18 months, indicating they have neutral outlooks.
- Across Western Europe, utilities will allocate approximately 55% of their IT budgets to maintain/run/compliance activities, while the remainder will be allocated to innovation and growth activities.
- Over 40% of utilities across Western Europe plan to increase their external IT spending over the next 12 months, while 10.8% of Western European utilities expect to decrease external IT spending in the next 12 months.
- In 12 months, Western European utilities still expect almost three-fourths of IT spending to be controlled by their IT departments.
- Western European utilities indicate that for the next 12 months, their leading business initiatives will include information security and data protection, which is also the only high-priority business initiative for these utilities.
- Western European utilities identified data loss and leakage prevention, mobile device security, and cloud security as their top 3 information security priorities for the next 12 months.
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IDC Energy Insights assists energy businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the utility and oil and gas industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc.com/energy, email email@example.com, or call 508-935-4400. Visit the IDC Energy Insights Community at http://idc-community.com/energy.
Global IT and economic markets, Governance, risk and compliance infrastructure, Information protection and control
Energy, Smart utilities