You vs. Downturn - Smart IT Spending for Recovery

CIO Prescription: How IT Is Riding Out The Recession

Some companies are cutting their IT budgets in response to the recession, while others are focusing on smart spending to be ready for the recovery.

Think small, quick, and impactful. That's the current mind-set of CIOs when it comes to IT spending and project planning amid the ongoing economic uncertainty.
CIOs aren't throwing Big Vision out the window, but they're under intense pressure to move up the priority list any work that can deliver returns quickly. For some companies, that means drastically cutting IT budgets, but that approach isn't universal--the companies we surveyed in November were exactly split, with a third cutting, a third maintaining, and a third increasing their IT spending.

More important is what gets done with the IT budgets companies have--only 16% of survey respondents say fewer new projects are coming through. Regardless of what's happening to the budget, demand for IT is up (see more data).

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Source: Information Week