Over half of IT leaders plan to ramp up budgets in the coming year, with only 16 percent planning cuts. So says the latest CIO Economic Impact Survey, which polled over 250 IT leaders about their spending plans and business outlook at the end of the summer. The survey also indicates 64 percent plan to increase IT capital spending in the next year, up 8 percent from April.
A global survey conducted by analyst firm Gartner has found that cloud computing services from external service providers is increasing and now represents 10.2 per cent of IT service spend.
Economic conditions are changing CIO spending priorities according to new research from Gartner.
A survey of some 400 CIOs across the Australia and New Zealand (ANZ) region indicates that while 70 per cent feel the effects of the GFC have passed, an average 2.3 per cent budget increase will take place in these organisations.
It's not just the new coalition government that's looking to cut spending, UK's CIOs are set to embark on a cost-reduction exercise too, according to research from Micro Focus. The company has found that 50 percent of UK respondents expected IT budgets to be cut again in 2010, despite the more favourable economic conditions.
The Victorian state government has become "gun shy" on big IT projects, prompting questions about whether overall IT spending is set to decline, according to an analyst firm.
<strong>Scenario</strong>: The global recession of 2009 hit a formerly fast-growing US$1.2 billion manufacturer hard, bringing its customary 20 percent annual growth to a halt. Rolling budget reductions cut business and IT resources deeply, leaving technology resources spread thin. Everyone in IT feels overworked, yet the slow-motion economic recovery is renewing a push for growth. What should this CIO do to position IT to support business expansion?
IT budgets will only rise by a weighted global average of 1.3 percent in nominal terms in 2010, compared with 2009 levels where IT budgets declined 8.1 percent, said Gartner following the release of results from the 2010 CIO survey by Gartner Executive Programs (EXP).
The renewal of a $36 million ICT services contract between the South Australian government and Dimension Data last week, that saw the value of the deal drop by $4 million but with an increased scope, is a sign of things to come, according to the state’s CIO.
Overall IT budgets may have been put on a diet in the current economic climate, but security software and services spending is tipped to outpace other IT areas in 2010, according to a new survey by Gartner.
Investment in software is expected to dominate IT budget spend in 2010 across the Asia Pacific according to a new report from Gartner.
Companies trying to cut IT budgets are laying off staff and reducing compensation and benefits for remaining employees, new survey results show.
A new report by Gartner showing that software spending will increase worldwide next year indicates there may be truth to the general belief that the technology market has hit bottom.
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.
As the economic recession continues to deepen, double-digit budget cuts, hiring freezes and layoffs are becoming a fact of life in many IT departments. But some CIOs are managing to keep both their staffs and their rosters of ongoing IT projects largely intact - due partly to a desire on the part of business executives to use technology to reduce corporate costs and boost revenues.