Influence: The Top 5 IT budget killers, and how CIOs can avoid them

What are the biggest causes of unnecessary IT spend? Watch this video to identify and prevent them.

CIOs should always be on the watch for phenomenon that can suck out the financial resources of their department.

Join Computing editor Stuart Sumner and a selection of expert commentators to identify the top 5 IT budget killers:

• Storage expansion - as big data and analytics increasingly take hold in today's industry
• Hardware sprawl - as more and more devices are required to run IT, but incumbency becomes an issue
• Keeping track of software licences - often numbering in the thousands as old contracts continue, new ones are drawn, and many individual licences get lost in the middle
• Data security - BYOD, shadow IT and a generally increasing mobile world, coupled with a growing international professional hacking community, makes keeping data secure an ongoing concern, with a staggering number of possible options
• Availability - with a mobile, flexible working and persistent communications-enabled workforce and customer base, 24-7-365 uptime is now often an expected goal for any company or service. But this, too, comes at a price.