IT Management Slideshow: IT Spending Outlook Still Uncertain

IT Spending Outlook Still Uncertain

Questioned in March, the CIOs in the pool of respondents are responsible for more than $77 billion in IT spending.

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46% of participants reported that their 2009 IT budget had changes since it was finalized.

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Compared to the 2008 poll, which showed CIOs predicting a 0.16% increase for 2009, this poll showed CIOs reporting a 4.7% decline for 2009 spending.

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More than 90% of CIOs who changed their 2009 budgets made a reduction in the first quarter, 7.2% on average.

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First quarter reductions were spread equally across geographic and size of organization categories.

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Approximately 54% of CIOs reported no change in their 2009 IT budget.

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Only 4% of CIOs said they will increase their IT budget in 2009.

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The percentage of CIOs with a contingency plan for spending during the remainder of 2009 more than doubled compared to last year…

…but only 56% of CIOs with contingency plans believe they will need to use them.

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Average budget change in 2009 by industry:

-Healthcare: 2.2% increase

-Professional services: 10% decrease

-Telecommunications and high tech: 10% decrease

-Manufacturing: 8% decrease

-Utilities: 4% decrease

-Financial services: 4% decrease