March 11, 2010IT spending and budgeting
IT spending decisions are made based on how new IT investments can add value to the organization, while the budgeting process allows managers and CIOs to plan for future investments in staff resources, technology initiatives and business programs.
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Highlights
A new global study by BT Global Services has revealed a quarter of senior business executives globally believe IT budget cuts have harmed profit margins and innovation.
More than 70% of mid-size enterprises in China have maintained their hardware budgets at the same level as prior to the downturn, or have even increased their hardware budget, compared to around 50% of large enterprises.
CFOs around the world are willing to invest in existing IT infrastructures, suggesting that organizations are far more likely to modify current systems than implement new ones.
Although organizations in Asia Pacific expect to continue to be conservative with their total IT budgets in 2010, software budgets are expected to increase, according to a survey by Gartner, Inc.
Increased competition, customer demand for high-quality products, and the need for integration of different business functions are driving small and medium manufacturers in India to escalate their investments in IT.
