June 2006 Survey: Compliance Spending is Leveling Off (
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There are many signs that compliance-related spending will remain strong, even though it is shrinking as a percentage of the IT budget.
In previous CIO Insight studies on compliance and Sarbanes-Oxley, getting and staying compliant was seen as something to achieve in the future. But in our new survey, many more respondents say they have achieved full compliance with the regulations we've most closely tracked: the Sarbanes-Oxley Act, the health Insurance Portability and Accountability Act (HIPAA), the USA Patriot Act and Gramm-Leach Bliley Act.
But has compliance spending peaked? It's not yet clear. While there are some signs spending will soon begin to wane, other data suggests spending will increase at many companies. Compliance-related spending on IT auditing and consulting, and security and document management technologies seems especially strong.
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