IT Budgets Set to Boom Over the Next 12 Months

More than four out of five IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic, new research ⁽¹⁾ by DSA Connect, an IT asset disposal company, shows.

Around 84% of IT directors in the UK expect their employers to boost budgets in the year ahead with one in six (16%) expecting a substantial increase as employees gradually return to offices and businesses welcome back more staff.

The study by DSA Connect, which specialises in the permanent deletion and destruction of electronic data, found IT disposal services will be a major focus of increased spending.

IT directors are predicting average increases of around 55% for onsite data destruction services while spending on end of life IT services is forecast to grow by an average 51%. Budgets for recycling are expected to increase by 50% on average in the year ahead while spending on data erasure is forecast to rise by an average 47%, as the table below shows.

Harry Benham, Chairman of DSA Connect said: “Companies have held back on a wide range of investment during the pandemic, but it is clear that is set to end with IT directors confident of budget increases for the year ahead.

“A major focus will be IT disposal services with forecasts that spending will rise by around 50% year on year underlining the importance of IT disposal following the pandemic boom in working from home and using more equipment.”

Recovering redundant equipment from across the UK, DSA Connect provides a secure IT asset disposal service utilising a methodology created in partnership with the Ministry of Defence. DSA Connect’s end of life service allows for the complete removal and data eradication of IT equipment and depending on the quantity and type of equipment for disposal, DSA Connect offers a rebate of up to 60% on all re-saleable assets.

DSA Connect is an IT asset disposal specialist. It specialises in the erasure and destruction of electronic data using tools certified by CESG and approved by the UK National Cyber Security Centre (NCSC). It ensures that all data storage media and equipment is removed from a client’s premises and transported to its secure facility in unmarked, tracked vehicles.

The company was established in 2011 to partner the Ministry of Defence in developing the MoD’s asset disposal service.