A survey of 100 CIOs and IT leaders in the US by media company Bloomberg has revelaed IT spending is on the up and more money will go towards managed services as Cloud investments start to pay dividends.
The survey comprised of 10 questions on technology trends and the key findings are about spending, managed solutions, compliance and Cloud.
On spending, 76 per cent of respondents said they expect to increase IT spending over the next 12 months, with only 17 per cent expecting it to decrease and 7 per cent saying spending will remain the same.
Managed solutions is gaining popularity again with 55 per cent saying they are shifting more of their overall capital expenditure to it with only 33 per cent saying it won't increase and 12 per cent saying they don't know.
The suvey was held at Bloomberg's first enterprise technology summit in New York and is indicative of the company's ambitions to move into IT services, according to president Dan Doctoroff.
"Our customers are facing increasing pressure on returns, so we are using our expertise, products and new partnerships to help them lower costs and improve their IT infrastructure's efficiency and effectiveness," Doctoroff said.
Some 84 per cent of respondents said they have increased spending on regulatory and compliance systems in the past two years and only 5 percent decreased compliance spending and 11 per cent said spending remained the same.
When asked what infrastructure investment areas have yielded the most ROI in the last year, Cloud computing came out on top at 45 per cent of the responses and 33 per cent said low-latency trading and 23 per cent said complex event processing.
Bloomberg chief technology officer, Shawn Edwards, said technology executives are under enormous pressure to innovate and solve problems.
“To meet those challenges, we are providing clients with our expertise and letting them leverage the same infrastructure that powers the Bloomberg Professional service used by more than 300,000 business and financial professionals globally," Edwards said.
Follow Rodney Gedda on Twitter: @rodneygedda
Follow CIO Australia on Twitter: @CIO_Australia
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.