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    Knowledge How much should you spend on Software?
 

nFold argues that your IT and software budgets need to be tailored to suit the nature of your business. The business case for software must be made in terms of saving costs, improving efficiencies or increasing revenue.

The statistics released as part of the SAITIS survey in 2000 showed that national IT spend was roughly 5-7% of GDP from 1992-1997. Software in turn, was 5% of IT spend, while services make up 13% and internal expenses are roughly 17% of the IT budget. Contact sandy@nfold.com for an estimate tailored to your industry.


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