IT Spending Expected To Rise

Results of a survey by Accenture indicate a likely increase in IT spending over the next three years. The annual survey, which questions IT managers at 300 large U.S. businesses, found that 60 percent expect to increase spending, while just 13 percent anticipate that IT spending will drop. Thirty-two percent of respondents said IT spending at their companies was insufficient. The average forecast is for IT spending to rise by 5.5 percent. Factors that are expected to spur new or increased spending include new business initiatives, upgrading legacy systems, and adopting new technologies. Other factors mentioned were integration efforts following a merger or acquisition, regulatory compliance, and security.

ZDNet, 31 March 2006