It looks like CIOs are increasing their IT spending in the months to come. This is according to the article CIO survey: IT spending projections rise steadily in Q1 which revealed the survey results of the CIO Magazine Tech Poll.
According to the article, the spending rate of CIOs are predicted to increase of 8.6% during the next 12 months, up from the projected rate of 7.8%. The survey results also revealed the following information:
- 44.8% – rate of CIOs who said that they plan to increase spending over the next year (up from 40.7% last month)
- 13.8% – rate of CIOs who planned to decrease spending (down from 15.5% in December)
Aside from that, the poll also indicated the different functions which could be the target for increased spending in the months to come. These functions are the following:
- storage systems
- data networking
- infrastructure software
- computer hardware
- telecommunications equipment
- e-business applications software
- outsourced IT services
As indicated in the survey results, the spending rate for storage systems was the strongest sector in the poll. The survey showed that 56.7% planned to increase their spending which is up from the original 49.7%. The second category indicated in the survey results …