Survey Finds IT Spending Still On The Books
Robert Half, research firm poll 270 CIOs across Canada
May 1, 2009
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Despite a challenging economy, 76% of CIOs interviewed recently said their companies will invest in IT initiatives in the next 12 months.
Information security topped the list of projects executives expect their firms to invest in, with 57% of the response, followed by virtualization (36%) and data centre efficiency (33%).
The survey was developed by Robert Half Technology, a provider of IT professionals on a project and full-time basis, and conducted by an independent research firm. It was based on telephone interviews with 270 CIOs across Canada.
“Despite increased budgetary pressures, many companies recognize that investing in IT initiatives leads to improved security, efficiencies and revenues,” said Sandra Lavoy, a vice president with Robert Half Technology. “Enhancing IT infrastructure will help organizations better prepare for growth when the economy rebounds.” Following are five areas of IT investment that were cited most frequently by CIOs interviewed. The summaries are courtesy of Robert Half:
1. Information security (57%: In any economy, protecting the confidentiality, integ-rity and availability of information is a must-have for companies of all sizes. Technology executives in the business services and professional services sectors cited security most often, with 96% and 88% of the responses, respectively.
2. Virtualization (36%): Added budget pressures are forcing many companies to focus on more cost-effective solutions for servers, storage and networking. Virtualization tools enable greater consolidation, lower hardware costs, and reduced space and power requirements. Four in 10 CIOs at large (1,000+ employees) and 38% of CIOs at midsize (500 to 999 employees) companies plan to invest in this area.
3. Data centre efficiency (33%): Improving efficiency within the data centre to achieve longer-term cost savings is a top priority for organizations pressured to cut back on IT spending. Companies are realizing that by not improving efficiency, it will result in the need for more costly expansions and upgrades in the future.
4. Voice over Internet Protocol (32%): Lower monthly phone bills, greater network flexibility and unified messaging, which allows users to more efficiently retrieve messages, are among the benefits that companies realize when they invest in VoIP technology.
5. Business Intelligence (28%): Companies are investing in business intelligence software that allows them to squeeze greater cost efficiencies from their existing resources and processes, and to identify and mitigate business risk.