Each year, 19 percent of campus IT spending happens outside of central IT at colleges and universities. And that translates to $4 billion that leaves university hands each year.
A survey of 152 campus IT leaders released this week by MeriTalk also found that the majority of IT departments do not collaborate with academic departments on future technology initiatives, and many of them have redundant technology. With 19 percent of technology being redundant, universities are losing $3.8 billion per year.
In a time when higher education is under increased scrutiny to graduate more students and decrease costs, universities are looking to the cloud to make the most of technology spending. And the cloud may have academic payoffs as well, with more than one-third of survey respondents saying that academic retention rates would improve as cloud offerings increase.