50 Technologies: Where CIOs are Spending Their MoneyBy Allan Alter | Posted 02-14-2007
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