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+ - IT Spending Up

Submitted by
Techdag
Techdag writes "CIO Insight says that "optimism about the economy and anxiety about security are leading companies to increase IT spending." Its survey of 429 IT executives reveals that IT spending will increase in 2007, despite other reports to the contrary. From the article: "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.""

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