What is the average IT budget and what percentage of the budget is allocated to cybersecurity? See the above example for how to estimate the budget numbers. Annual revenue / budaet example for studentsThis is provided as an example only. The student is to research and determinethe average revenue and number of employees as part of this assignmentIT Budget is calculated as a percent of revenue. There are many variables thatmay impact this estimate but this example is provided as an approach todetermine estimates.Average IT FTE as a % of total employees, is 5.4 %. Cybersecurity staff is 2.7% of IT staffGross revenue of an average car dealershipAverage number of employees69 *.054 = 4 IT employees x .27 = 1Cybersecurity emplovee4% * 60 Million (total budget) = IT Budget16 % * 2.4 Million (IT budget) = Cybersecuritybudget$60.000.000.0069$2.400.000.00$384.000.00

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Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

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What is the average IT budget and what percentage of the budget is allocated to cybersecurity? See the above example for how to estimate the budget numbers.

Annual revenue / budaet example for students
This is provided as an example only. The student is to research and determine
the average revenue and number of employees as part of this assignment
IT Budget is calculated as a percent of revenue. There are many variables that
may impact this estimate but this example is provided as an approach to
determine estimates.
Average IT FTE as a % of total employees, is 5.4 %. Cybersecurity staff is 2.7
% of IT staff
Gross revenue of an average car dealership
Average number of employees
69 *.054 = 4 IT employees x .27 = 1
Cybersecurity emplovee
4% * 60 Million (total budget) = IT Budget
16 % * 2.4 Million (IT budget) = Cybersecurity
budget
$60.000.000.00
69
$2.400.000.00
$384.000.00

Expert Solution

Step 1

This is very simple.

Total revenue = $60,000,000,00 + $2,400,000,00 + $384,000,00 = $62,784,000,00

Total average employee = 5.4% + 2.7% = 8.1%

Hence, we are given 8.1% = 69, then 100% = 851.85 ~ 852 (average employees)

Average revenue = Total revenue / quantity of units or users

Average revenue = $62,784,000,00 / 852 = $73,690,14 (approximate)

Hence, the average revenue is $73,690,14 (approximate) and the average number of employees is 852 (including staff)

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