SHARE
Follow this article on Twitter Facebook LinkedIn Bookmark and Share
Home >> No Category

IT budgets to grow six percent in 2004

IT budgets to grow six percent in 2004

By:  Lorraine Cosgrove Ware  On: 31 Jan 2004 For: Channelworld India 

While caution still reigns, CIOs' outlook for technology investment in 2004 shows improvement from 12 months ago. According to 185 executives surveyed, IT budgets will grow at 6 percent over existing levels in the coming 12 months, up from the forecast of 4.2 in November.

While caution still reigns, CIOs' outlook for technology investment in 2004 shows improvement from 12 months ago. According to 185 executives surveyed, IT budgets will grow at 6 percent over existing levels in the coming 12 months, up from the forecast of 4.2 in November. The Tech Future Growth Index (TFGI), which projects IT activity over the next 12 months, also bounced back up to 2.1 from 1.7 in November. The survey was conducted by CIO magazine in the US.

Profits continue to stabilize, with only 28 percent of respondents listing weak profits as the number one negative factor influencing IT spending, compared to 35 percent in November.

However, CIOs do not have a green light to spend just yet. Close to one-third (31%) of executives surveyed reported tight financial conditions as the key factor affecting IT spending.

CIOs report that overall IT compensation has increased 3.4 percent in the past 12 months, and that filling open IT positions is getting more difficult than it was six months ago. Only 26 percent of respondents report that the IT labour supply is plentiful, while 69 percent consider IT labour available.


Sign up for our Newsletters
Tags:
Close X












Close X
Print |  Views: 345   |   Rating:offoffoffoffoff  (0 votes)
Rate this article on a scale of
1 to 5 stars,5 being the best.



Close X
Page 1

Lorraine Cosgrove Ware Lorraine Cosgrove Ware is a contributor to the International Data Group (IDG) News Service, which publishes global technology stories from bureaus around the world to more than 300 publications in more than 60 countries.

Related Content

CIOs looking to hire in first quarter
CIOs looking to hire in first quarterRobert Half Technology, a Canadian IT staffing firm, has released its Hiring and Skills Index report
IT spendings up, CIOs say
IT spendings up, CIOs sayIT spending projections for 2006 continue to improve after a dip last fall, according to the monthly CIO Magazine Tech Poll released Monday. CIOs are now predicting that their IT spending will increase by 7.8 per cent over the next 12 months, up from predictions in November that it would rise 5.7 per cent this year. CIOs in October had projected that IT spending in 2006 would rise by 5.2 per cent.
Get Your Copy of the CIO Insider Survey 2004 Report
Get Your Copy of the CIO Insider Survey 2004 ReportThe results of our first annual CIO Insider Survey have been tallied and some interesting light has been shed on the state of the IT executive profession in Canada. Download your copy of the report and learn about CIOs' evolving role, the skills and contributions expected from a CIO, where you fit on the salary scale, and more.
Gartner proposes CIO resolutions for 2009
the research firm published a report which suggests senior it professionals resist the natural impulses they might have during a downturn. my favourites out of the 10 proposals:stop being the exception that enforces the rules: in tense times, leading by example matters more than usual – from body language to dress code, and from vocabulary to attention-span. cios should
blog comments powered by Disqus