Tech
Spending Reviving
Get
out the banners. Prepare
to celebrate. Every
recent poll points to an upswing in IT spending.
Combined with the recent significant uptick in the economy,
it looks like we can expect hardware and software sales to start
moving upward, if more slowly than in the heyday of the dotcom boom.
Rejoice!
CIO
Magazine’s Tech Spending Poll for October reports that CIOs expect
to increase spending, on average, 6% over the next 12 months.
Telecommunications and services are the areas of greatest
focus.
Research
performed by Computer Reseller News in a survey of the relative
importance of technology spending for large firms (those with at
least 1,000 employees), notes
that Security remains the most important category.
Higher priorities are being placed on web-based hardware and
software as well as laptop computers.
Executives
have increased their plans to spend as they become more optimistic
about economic growth, which they expect to be about 3.3% in the 4th
quarter of 2003, according to a survey by the Business Roundtable of
150 CEOs of large corporations.
While 65% of these CEOs expect no change in capital spending
this year, 23% are looking to an increase, a dramatic improvement
over a mid-year survey of the same group.
IT
Research firm IDC is predicting “worldwide spending on information
technology should grow 5 percent to $916 billion next year.”
This fits well with the CIO survey mentioned earlier in this
article.
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