Optimism about the economy and anxiety about security are leading companies to increase IT spending. Welcome to the most comprehensive report on IT spending
CIO Insight has ever produced. Unlike previous years' surveys, where we tracked only project-related spending on applications and infrastructure, we've asked respondents about any and all spending on these technologies. We've also broadened the field to 50 different technologies and services. With 429 respondents holding senior-level IT positions, the result is a full picture of where IT spending is heading in 2007.
View the Slideshow: IT Spending On the Rise
We're predicting a higher rate of spending growth than Gartner Inc., Forrester Research Inc. and IDC; their forecasts for 2007 increases range from 2.8 to 6.5 percent, while we expect a 7.6 percent increase, the largest we've ever reported. But that shouldn't be surprising, given what we've learned in our recent surveys: CIOs are focusing more on growth and improving service than on cost reduction; the current economic expansion has proved resilient; and security worries and regulations require more purchases toward IT protection. And as companies make infrastructure investments, they are updating older systems and installing new applications that can take advantage of these investments.
Some of the budgeting falls under the category of spending money to save money: More companies have Voice over IP in their budgets than last year. At large companies, outsourcing will take a bite out of IT jobs. But overall, it's an upbeat budget picture for upbeat times.
In this feature:
Findings: Spending is Rising Across the Board
Slideshow: IT Spending
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