In Most Cases, Shaky Economy is Driving Up IT Spending

While previous economic slowdowns have resulted in severely strapped IT budgets, this has not been the case in the recent economic maelstrom, a new IBM survey reveals. In fact, the impact of the economy on IT budgets has caused 53% of organizations surveyed across 17 countries to actually increase or re-prioritize their spending, versus 37% reporting a decrease. And, despite economic conditions, more than two-thirds of those surveyed are planning or currently implementing their top IT priorities. The highest-priority technology solution, chosen by 75% of respondents, is information management. The most pressing business challenges include increasing efficiency and productivity (80%), improving customer care (74%) and better use of information (72%). In addition, a majority of firms view their primary IT provider as a technology advisor or IT and business consultant, with 25% seeing the relationship as purely transactional.

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