Tech
Spending Going Up – Way Up
In
CIO Magazine’s May Poll, they queried 315 chief information
officers from 21 vertical industries, the majority from global
corporations.
Panel
members panel re forecasting increases in spending of 7.8% in the
coming 12 months, while 74% of panel respondents reported they plan
to increase spending.(In May of 2003 they forecast spending would
increase 3.3% over the next year; the actual increase with 5.2%.)
Data networking (forecasted spending increases of 49%),
telecommunications (40%) and computer hardware (53%) categories
showed the strongest year-over-year gains.
Infrastructure
software is expected to increase at 37% over the next 12 months and
Business Applications at 33%.
The
highest increases (all above 7.8%) were reported in the business
services, retail, finance, federal government and healthcare
verticals.
IT
workers are beginning to be harder to find and keep (reported by
12%) and some firms are beginning to become concerned that previous
personnel cuts in IT may have been too aggressive.
Most
heartening is the general consensus that participants’
organizations now look at technology spending as an investment
required to remain competitive rather than a cost to be contained or
cut.
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