CIO Tech Spending Poll: Growth Nothing To Write Home About

The CIO Magazine Tech Spending Poll (pdf file) was released, saying:

In the latest quarterly poll, panelists project IT budgets to grow by 7.2% over the next 12 months, up from 5.1% last quarter. In addition, CIOs report that IT budgets increased by an average of 6.1% over the last 12 months, up from 5.7% last quarter.

Higher is better than lower, but 7.2% growth is nothing to write home about. The key question is whether the upturn in the future growth index will have the legs to continue for several more quarters, or whether it will prove to be a glitch up in a still-declining chart.

Comments

[Brian Croner]

Tech CIOs should start their own companies if they can.

[wixeywaxy]

With corporations loaded with cash, you don't need a questionable survey to surmise capital spending of all kinds is likely to be strong. The management is apt to be looser with the purse strings when there is no pressure to allocate resources to the absolutely necessary. Vic

[WilliamTrent]

Corporations have been loaded with cash for several years now, but the tech spending growth keeps slowing. The survey may be questionable, but it <em>has</em&g... generally followed the trend in the spend.