IT Spending Seen Growing This Year

February 2005
Business Communications Review;Feb2005, Vol. 35 Issue 2, p6
Trade Publication
The article reports that the business enterprises expect to increase their information technology spending by almost 4 percent this year, according to Forrester Research Inc., which surveyed 1,368 information technology decision makers. The biggest area of focus will be application upgrades. Forrester found, deployment or upgrade of major applications was identified as a priority by 59 percent of the survey respondents, eclipsing security in the top spot. Another key area is the regulatory compliance. Forrester reported that 38 percent of those surveyed call support for regulatory issues like Sarbanes-Oxley a critical priority and 65 percent called it a priority. Among verticals, business services, financial services and insurance had the most positive outlook--in each vertical, 63 percent of respondents said they had a positive outlook on information technology spending for this year. In addition, government, health care and education respondents said they plan to increase spending by 7 percent this year; last year, they projected decreases.


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