Signs of IT spending recovery emerge in surveys
- 30 April, 2009 08:06
- Comments
IT buyers say they plan to increase their investments in technology before the end of 2009, recent survey results show, as a noteworthy number of high-tech decision makers revealed they expect in the next six months to put more budget dollars into IT.
More than 25% of 500 IT professionals polled by the nonprofit organization ISACA said they will be increasing their investments in IT this year. Nearly 30% of small businesses polled by CDW in March also expect budget increases before the end of 2009. And CDW found 18% of midsize companies expect to hire more staff over that same time. CDW polls approximately 1,000 or more IT decision makers periodically, and the research and analysis firm noted the plans to increase spending -- albeit still the minority position -- indicate a positive shift in thinking among IT buyers.
"For the first time in more than a year, we are seeing green shoots that indicate returning confidence in the IT industry," said Mark Gambill, CDW vice president, in a statement. "The fact that an increasing number of IT decision makers are anticipating any amount of future growth at this time is reason to believe the first signs of spring may have arrived in what has been a gloomy economic climate."
Other positive signs, according to ISACA, include the fact that more IT professionals realize the value IT delivers to the business and how continued investment in technology could help companies fare better during and following an economic recession. More than 69% of those surveyed by ISACA said that their organizations are achieving at least 50% to 100% of the expected value from their IT investments.
"Organizations should be careful not to ignore the value-generating opportunities of IT in favor of cost-cutting," said Robert Stroud, international vice president of ISACA, in a statement. "IT has the power to add competitive advantage and significant business value, so it is critical to focus on those opportunities -- particularly in troubled economic times."
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
- Bookmark this page
- Share this article
- Got more on this story? Email CIO
- Follow CIO on twitter
-
Australia's first 4G smartphone is the HTC Velocity 4G
-
Swedish e-commerce startup's execs linked to NYC sex crime
-
Face Time - Interview with John Brennan and Robert DiStefano
-
How to implement next-generation storage infrastructure for Big Data
-
Pfizer's Future Depends on IT Transformation
-
Pathways Advanced ICT Leadership Development Program Brochure and Course Outline 2012
Developed by the CIO executive Council in conjunction with Rob Livingstone Advisory, Pathways Advanced is a 12-month CIO delivered, small group, mentor based professional leadership development program. Pathways Advanced brings together best practice, thought leadership and business insights for today’s most promising ICT professionals -
CommVault Extends its Data Protection and Information Management Strategy with Simpana 9
This IDC Insight explores the differentiators of CommVault's Simpana data and information management software and the customer challenges the help address. The focus of this Insight is on the data management and data protection capabilities on Simpana. -
Protecting Generation Web
From data privacy to personal safety issues, cyber-bullying, inappropriate content and malware, schools are facing an increasingly difficult task when it comes to allowing young people to spread their online wings without compromising their safety and personal development. The reality that most schools are catering to the needs of mixed age groups and abilities, and it’s easy to understand why a simple stop and block approach won’t work. Learning environments are, by nature, flexible. It stands to reason that the IT resources used in them should be flexible too. Read on.
Get exclusive access to Invitation only events CIO, reports & analysis. 
Comments
Post new comment