After low year-end spending in 2003, businesses are likely to spend more on information technology than the amount they have budgeted for 2004, according to market research firm Gartner.
Is it possible that consulting services would be among the first to see spending as confidence returns among business leaders?
Chief information officers (CIOs) are expecting IT budgets to increase by 2.5 percent in 2005 and will be shifting their focus on supporting business growth and results, according to a survey by Gartner Executive Programs (EXP).
Australian and New Zealand chief information officers (CIOs) expect IT budgets to increase by 3.6 percent in 2005, higher than last year's 1.2 percent and well above the 2005 global average of 2.5 percent, according to Gartner.
Cisco Systems chief executive John Chambers on Wednesday gave an upbeat assessment of information technology spending next year, saying Cisco customers are "beginning to get their foot off the brake."
Companies that spend above the average amount on IT can make up to 36 per cent more profit than their techno-phobic competitors, according to the latest research.
Is it possible that consulting services would be among the first to see spending as confidence returns among business leaders?
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