CIOs: 2007 Looking Up

By Larry Dignan  |  Posted 09-18-2006
More than 50 percent of CIOs plan on spending more on technology in 2007 than in 2006, according to a survey released by the Society for Information Management on Sept. 18.

To be specific, 51.8 percent of those surveyed said 2007 IT budgets would be higher than 2006 IT budgets, with 32.8 percent expecting flat budgets.

The remainder, or 15.3 percent, expect 2007 budgets to be lower than 2006 levels.

In those 2007 budgets, respondents said 33.9 percent will be spent on internal staff, 14.6 percent on software and 14 percent on hardware.

Among other categories, 9.3 percent will be spent on outsourcing staff domestically, and 3.3 percent of funds will go offshore.

Networking will account for 10.8 percent of 2007 IT budgets. Consulting will occupy 9.8 percent of 2007 budgets.

Read the full story on eWEEK.com: CIOs: 2007 Looking Up