43%By Don Reisinger
IT budgets are expected to increase by just 1% in 2011, compared to 2010.
Wait for 2014
Based on the results of its findings, Gartner says IT budgets will not achieve their 2008 highs in again until 2014.
Today, just 3% of respondents have "the majority of IT running in the cloud or on SaaS technologies."
In as little as four years, Gartner expects 43% of companies to have most of their IT efforts running in the cloud.
Due to that expected growth in cloud computing, Gartner ranks cloud computing as the No. 1 CIO tech priority in 2011.
Investments in virtualization will be the No. 2 tech priority for CIOs in 2011, Gartner reports.
Investments in mobile technologies will prove to be No. 3 tech priority for CIOS in 2011, according to Gartner.
The addition of Web-based services in companies could open up 35% to 50% of resources, Gartner reports.
Straight to mobile
Companies competing with China-based firms beware: Gartner believes CIOs in that country will "leapfrog" technologies in the coming years and focus more of their efforts on "mobility- and services-type models," rather than traditional technologies.