
The Goldilocks Principle of IT Spending

IT budgets are like a balancing act—spend too little, and you risk inefficiency and technical debt. Spend too much, and you might not see an appropriate return on your investment.
According to recent industry data:
• Tech and Software companies tend to spend 18% of revenue on IT.
• Financial Services spend 10%, which aligns with their need for stringent compliance and security.
• Retail keeps IT spending at around 7%, focusing on customer experience and digital capabilities.
The key is to find a “just right” level of IT spending that supports growth without waste. At MountNex, we assist organisations in finding that optimal balance—ensuring that IT investment directly translates into business value.
Interested in optimising your IT spend? Reach out to see how we can help.
4 Oct 2024